JPMorgan plans contingent interest autocallables tied to Stoxx, Russell

By Susanna Moon

Chicago, May 25 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due June 1, 2027 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, 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 7.5% if each index closes at or above its 70% coupon barrier on a review date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any review date other than the first, second, third and final dates.

The payout at maturity will be par unless either index finishes below its 50% trigger level, in which case investors will lose 1% for each 1% decline of the worse performing index.

J.P. Morgan Securities LLC is the agent.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will price on May 26 and settle on May 31.

The Cusip number is 46647MCV3.

© 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.