E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/5/2018 in the Prospect News Structured Products Daily.

JPMorgan to price callable contingent interest notes on three indexes

By Marisa Wong

Morgantown, W.Va., June 5 – JPMorgan Chase Financial Co. LLC plans to price callable contingent interest notes due June 10, 2021 linked to the least performing of the Russell 2000 index, S&P 500 index and Euro Stoxx 50 index, 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 6.55% if each underlying asset closes at or above its 60% interest barrier on the review date for that quarter.

The notes may be called in whole but not in part on any interest payment date other than the first and final dates.

The payout at maturity will be par unless any asset finishes below its 60% trigger level, in which case investors will lose 1% for each 1% that the least-performing asset is less than its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 6.

The Cusip number is 48129MZT6.


© 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.