| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers J > Headlines for JPMorgan Chase & Co. > News item |
JPMorgan to price step-up autocallables linked to economic cycle index
By Sarah Lizee
Olympia, Wash., Dec. 23 – JPMorgan Chase Financial Co. LLC plans to price 0% step-up autocallable notes due Dec. 31, 2026 linked to the S&P Economic Cycle Factor Rotator index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium if the index closes at or above its call value on any annual review date.
The call premium is expected to be at least 7% per year. The call value will be at most 103.3% of the initial index level on the first review date and will increase by at most 3.3 percentage points per year. The exact terms will be set at pricing.
If the notes have not been automatically called, the payout at maturity will be par plus the index return, subject to a minimum payout of par.
The notes will be guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price Dec. 26.
The Cusip number is 48132HHV7.
© 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.