JPMorgan plans autocallable notes on Vanguard FTSE EM, Hang Seng China

By Marisa Wong

Madison, Wis., Feb. 26 – JPMorgan Chase & Co. plans to price autocallable notes due March 2, 2018 linked to the lesser performing of the Vanguard FTSE Emerging Markets exchange-traded fund and the Hang Seng China Enterprises index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of at least 14.75% if each component closes at or above the initial level on any annual call valuation date beginning on March 7, 2016.

If the notes are not called and each component finishes at or above its trigger level, 70% of the initial level, the payout at maturity will be par.

Otherwise, investors will be fully exposed to any losses of the worst-performing component.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price Feb. 27 and settle March 4.

The Cusip number is 48125UGL0.

© 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.