| 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 |
Barclays plans fixed-coupon callable securities tied to three indexes
By Wendy Van Sickle
Columbus, Ohio, Feb. 8 – JPMorgan Chase Financial Co. LLC plans to price fixed-coupon callable securities due Feb. 14, 2019 linked to the least-performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Each quarter, the notes will pay a fixed coupon at an annualized rate of at least 5.3%.
The notes will be callable at par on any coupon payment date after six months.
If each index finishes at or above its 60% downside threshold, the payout at maturity will be par plus the final coupon payment. Otherwise, investors will be fully exposed to the loss of the least performing index but will still receive the final coupon payment.
J.P. Morgan Securities LLC is the agent.
The notes will price Feb. 10.
The Cusip number is 46646QA88.
© 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.