JPMorgan plans 18% contingent interest autocallables on three stocks

By Wendy Van Sickle

Columbus, Ohio, March 15 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due March 19, 2020 linked to the least performing of the common stocks of Citigroup Inc. and Vertex Pharmaceuticals Inc. and the class A common stock of Facebook, Inc., 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 quarterly coupon at an annual rate of at least 18% if each stock closes at or above its 65% coupon barrier on the related quarterly review date.

The notes will be called at par plus the contingent coupon if each stock closes at or above its initial price on any review date other than the first and final dates.

The payout at maturity will be par unless any stock finishes below its 65% trigger level, in which case investors will be fully exposed to any decline of the worst performing stock.

J.P. Morgan Securities LLC is the agent.

The notes will price on March 19.

The Cusip number is 48129MED4.

© 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.