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JPMorgan plans autocallable notes linked to FTSE 100, Euro Stoxx 50
By Susanna Moon
Chicago, May 15 – JPMorgan Chase & Co. plans to price autocallable notes due May 23, 2018 linked to the lesser performing of the FTSE 100 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 14.55% if each component closes at or above the call level on any May 25, 2016, May 18, 2017 or May 18, 2018.
The payout at maturity will be par unless either index finishes below its 85% trigger level, in which case investors will be fully exposed to any losses of the worst performing component.
J.P. Morgan Securities LLC is the agent.
The notes will price on May 18 and settle on May 21.
The Cusip number is 48125USJ2.
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