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 contingent income autocallables tied to three indexes
By Susanna Moon
Chicago, Jan. 27 – JPMorgan Chase Financial Co. LLC plans to price contingent income autocallable securities due Feb. 21, 2019 linked to the least performing of the Euro Stoxx 50 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The notes will pay a contingent quarterly coupon at an annual rate of 8.25% if each index closes at or above its 70% downside threshold on each day during that quarter.
The notes will be called at par if each index closes at or above its initial level on any determination date other than the final date.
The payout at maturity will be par plus the final contingent coupon unless any index finishes below its 70% downside threshold, in which case investors will be fully exposed to any losses of the worst performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on Feb. 15.
The Cusip number is 46646QKK0.
© 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.