Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers J > Headlines for JPMorgan Chase Financial Co. LLC > News item |
JPMorgan plans 7% contingent interest autocalls tied to Stoxx, Russell
By Susanna Moon
Chicago, April 11 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due April 30, 2025 linked to the worse performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of at least 7% if each index closes at or above its 70% coupon barrier on each day for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any review date other than the first, second, third and final dates.
The payout at maturity will be par unless either index falls below its 70% trigger level, in which case investors will be exposed to any losses of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.
The notes will price on April 25 and settle on April 30.
The Cusip number is 48129MKX3.
© 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.