JPMorgan to price contingent coupon callable notes on three indexes

By Toni Weeks

San Luis Obispo, Calif., Jan. 30 – JPMorgan Chase & Co. plans to price contingent coupon callable yield notes due Feb. 7, 2018 linked to the lesser performing of the S&P 500 index, Russell 2000 index and Euro Stoxx 50 index, according to a 424B filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon of at least 8.7% per year if each index closes at or above its barrier level, 65% of its initial level, on the observation date for that quarter. The exact coupon will be set at pricing.

The payout at maturity will be par unless any index finishes below its 65% trigger level, in which case investors will be fully exposed to the decline of the worst-performing index.

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

J.P. Morgan Securities LLC is the placement agent.

The notes (Cusip: 48125UBD3) are expected to price Feb. 2 and settle Feb. 5.

© 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.