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JPMorgan plans 7.5% yield autocallables tied to S&P 500, Russell 2000
By Susanna Moon
Chicago, March 14 – JPMorgan Chase Financial Co. LLC plans to price 7.5% autocallable yield notes due March 22, 2018 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 guaranteed by JPMorgan Chase & Co.
Interest will be payable monthly.
The notes will be called at par if each index closes at or above its initial level on any review date other than the final date.
The payout at maturity will be par unless either index ever closes below its trigger level, 75% of its initial level, during the life of the notes and either index finishes below its initial level, in which case investors will be fully exposed any losses of the worse performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on March 17 and settle on March 22.
The Cusip number is 46646QU29.
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