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JPMorgan plans 5.25% trigger callable yield notes linked to indexes
By Angela McDaniels
Tacoma, Wash., July 17 – JPMorgan Chase Financial Co. LLC plans to price trigger callable yield notes due July 27, 2020 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The interest rate is expected to be at least 5.25% per year and will be payable quarterly.
Beginning Jan. 18, 2018, the notes will be callable at par on any quarterly call date.
The payout at maturity will be par of $10 unless any index finishes below its trigger level, 60% of its initial level, in which case investors will be fully exposed to the decline of the worst-performing index.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
The notes will price July 18.
The Cusip number is 48129G372.
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