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 four-year review notes tied to Russell 2000, S&P 500
By Susanna Moon
Chicago, July 13 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due July 26, 2021 linked to the lesser performing of 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 called at par plus an annual call premium of 8.5% to 9.5% if each underlying index closes at or above its initial level on any of four annual call dates.
The payout will be par plus the contingent minimum return of 10% unless either index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
J.P. Morgan Securities LLC is the agent.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will price on July 21 and settle on July 28.
The Cusip number is 46647MVW0.
© 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.