Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
JPMorgan plans three-year autocallables linked to S&P 500, Euro Stoxx
By Susanna Moon
Chicago, June 30 – JPMorgan Chase & Co. plans to price 0% autocallable notes due July 7, 2017 linked to the S&P 500 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of at least 11% if each index closes at or above its initial price on any of three annual call dates. The exact call level will be set at pricing.
The payout at maturity will be par unless either index finishes below its 75% barrier level, in which case investors will be fully exposed to any losses of the worse performing index.
J.P. Morgan Securities LLC is the agent.
The notes will price on July 2 and settle on July 8.
The Cusip number is 48127DRE0.
© 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.