JPMorgan plans to price review notes due 2025 tied to three indexes

By Sarah Lizee

Olympia, Wash., March 7 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due March 27, 2025 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The notes will be called at par plus a premium of at least 10% per year if each index closes at or above its call value on any annual review date beginning March 25, 2020.

The call value for each index will be its initial level for the first review date, stepping down by 2.5% each subsequent review date to a final call value of 87.5% of its initial value on the final review date.

If the notes have not been called, the payout at maturity will be par unless any index finishes below its trigger value, 75% of its initial value, in which case investors will be fully exposed to the losses of the least performing index.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48130WD40) are expected to price on March 22.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.