JPMorgan plans review notes tied to SPDR Gold, iShares Silver funds

By Marisa Wong

Morgantown, W.Va., Sept. 29 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due Oct. 12, 2020 linked to the SPDR Gold Trust and the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If each fund closes at or above its initial level on any annual review date, the notes will be automatically called at par plus a call premium of at least 8.8% per year. The exact call premium will be set at pricing.

If the notes have not been called and each fund finishes at or above its 70% trigger level, the payout at maturity will be par plus the contingent minimum return of 10%. Otherwise, the payout will be par plus the return of the lesser performing fund, with full exposure to losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 7 and settle on Oct. 14.

The Cusip number is 46646EG97.

© 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.