| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
JPMorgan plans 10%-13% callable yield notes linked to S&P 500, Market Vectors Gold Miners
By Susanna Moon
Chicago, Aug. 2 - JPMorgan Chase & Co. plans to price 10% to 13% callable yield notes due Aug. 31, 2011 based on the performance of the S&P 500 index and the Market Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
A trigger event occurs if either underlying component falls to or below 70% of its initial level on any trading day during the life of the notes.
If a trigger event occurs, the payout at maturity will be par plus the return of the worse-performing underlying component, capped at a maximum payout of par.
If a trigger event does not occur, investors will receive par.
The notes are callable at par on Nov. 30, Feb. 28, 2011 and May 31, 2011.
The notes (Cusip 48124AXX0) are expected to price on Aug. 26 and settle on Aug. 31.
J.P. Morgan Securities Inc. is the agent.
© 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.