Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P Economic Cycle Factor Rotator index > News item |
JPMorgan to sell step-up autocallables on S&P Economic Cycle Factor
By Marisa Wong
Morgantown, W.Va., May 25 – JPMorgan Chase Financial Co. LLC plans to price 0% step-up autocallable notes due May 30, 2025 linked to the S&P Economic Cycle Factor Rotator index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus an annualized call premium of at least 9% if the index closes at or above its call level on any annual review date other than the final date. The call level will be 102.85% of the initial level on the first review date, stepping up by 285 basis points on each subsequent review date to a final level of 117.1% of the initial level on the sixth review date.
The payout at maturity will be par plus any index gain. If the index falls, the payout will be par.
J.P. Morgan Securities LLC is the agent.
The notes will price on May 29.
The Cusip number is 48129MPK6.
© 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.