Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Enterprise Products Partners LP > News item |
JPMorgan plans contingent interest autocallables tied to common units
By Devika Patel
Knoxville, Tenn., Feb. 7 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Feb. 14, 2019 linked to the least performing of the common units of Plains All American Pipeline, LP, MPLX LP and Enterprise Products Partners LP, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of at least 18% if each underlying closes at or above its interest barrier level, 70% of its initial level, on the review date for that quarter. The exact coupon will be set at pricing.
The notes will be called at par plus the contingent coupon if each underlying closes at or above its initial level on any review date other than the final one.
The payout at maturity will be par plus the contingent coupon unless any underlying finishes below its 70% trigger level, in which case investors will lose 1% for each 1% decline of the worst performing underlying.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 46646QB79) will price on Feb. 10 and settle Feb. 15.
© 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.