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 to price review notes linked to S&P 500, Russell 2000
By Wendy Van Sickle
Columbus, Ohio, April 4 – JPMorgan Chase & Co. plans to price review notes due April 27, 2020 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of between 11% and 12% per year if each index closes at or above its initial level on any annual call review date. The exact call premium will be set at pricing.
If the notes are not called, the payout at maturity will be par plus 10% if each index closes at or above 70% of its initial level. If either index drops below the 70% trigger level, investors will be fully exposed to the losses of the worse performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on April 22 and settle on April 29.
The Cusip number is 48128GRX0.
© 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.