E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/3/2013 in the Prospect News Structured Products Daily.

JPMorgan plans autocallables linked to Vanguard FTSE Emerging Markets

By Susanna Moon

Chicago, Dec. 3 - JPMorgan Chase & Co. plans to price 0% autocallable notes due Dec. 9, 2016 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of at least 10.25% if the fund closes at or above its initial level on any of three annual call dates.

The payout at maturity will be par unless the index finishes below its 75% barrier level, in which case investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on Dec. 4 and settle on Dec. 9.

The Cusip number is 48126NK71.


© 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.