JPMorgan plans to price contingent interest autocalls on two gold miners ETFs

By Emma Trincal

New York Nov. 5 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Nov. 14, 2024 linked to the least performing of the VanEck Vectors Gold Miners ETF and the VanEck Vectors Junior Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent monthly coupon at an annual rate of 10% if each ETF closes at or above its interest barrier level, 70% of its initial level, on the review date for that period.

The notes will be called at par plus the contingent coupon if each ETF closes at or above its initial level on any monthly review date after three months.

The payout at maturity will be par plus the contingent coupon if each ETF closes at or above its 70% trigger value. Otherwise, investors will lose 1% for every 1% that the worst performer finishes below its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price on Nov. 8 and settle on Nov. 12.

The Cusip number is 48132YPF6.

The fee will be not more than 0.7%.

© 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.