JPMorgan plans 6% callable yield notes linked to Dow, Euro Stoxx

By Devika Patel

Knoxville, Tenn., Oct. 11 – JPMorgan Chase & Co. plans to price 6% callable yield notes due April 30, 2018 linked to the least performing of the Dow Jones industrial average and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

Interest is payable quarterly and will be at least 6% per year, with the exact percentage to be set at pricing.

The notes are callable at par on any of the interest payment dates other than the final payment date.

The payout at maturity will be par unless any index finishes below its 70% trigger level, in which case investors will lose 1% for each 1% decline of the worst performing index.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 46646ET36) are expected to price on Oct. 21 and settle on Oct. 28.

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