JPMorgan plans contingent interest autocallables linked to Facebook

By Susanna Moon

Chicago, April 26 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due May 17, 2017 linked to the class A common stock of Facebook, Inc., according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of 10% if the stock closes at or above its coupon barrier level, 70.65% of its initial level, on the review date for that quarter.

The notes will be called at par plus the contingent coupon if Facebook stock closes at or above its initial level on any review date other than the final date.

The payout at maturity will be par unless Facebook stock finishes below its 70.65% trigger level, in which case investors will be fully exposed to the losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on April 29 and settle on May 4.

The Cusip number is 48128GWW6.

© 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.