JPMorgan to price callable contingent interest notes on three indexes

By Wendy Van Sickle

Columbus, Ohio, March 3 – JPMorgan Chase & Co. plans to price callable contingent interest notes due March 8, 2018 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at a rate of 14.96% a year if each index closes at or above its interest barrier, 75% of its initial level, on the review date for that quarter.

The notes will be callable at par plus the contingent coupon on any interest payment 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 level, in which case investors will be fully exposed to the decline of the least performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price March 4 and settle on March 9.

The Cusip number is 48128GQZ6.

© 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.