JPMorgan plans to price buffered autocallables linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 23 - JPMorgan Chase & Co. plans to price 0% buffered autocallable optimization securities due March 31, 2015 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

Beginning six months after the pricing date, the notes will be called at par of $10 plus an annualized call return of at least 6% if the index closes at or above the initial index level on any quarterly observation date. The exact call return will be set at pricing.

If the notes are not called and the final index level is at least 95% of the initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% that the index declines beyond 5%.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

The notes are expected to price Sept. 26 and settle Sept. 30.

The Cusip number is 48126H340.

© 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.