E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 7/19/2017 in the Prospect News Structured Products Daily.

JPMorgan plans contingent interest autocallables on three indexes

New York, July 19 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due July 25, 2019 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Each quarter, the notes will pay a contingent coupon of at least 6.4% per year if each index closes at or above its interest barrier level, 70% of its initial level, on the review date for that quarter. The exact rate will be set at pricing.

Beginning Jan. 22, 2018, the notes will be automatically called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly review date other than the final one.

If the notes have not been called, the payout at maturity will be par plus the final coupon unless any index closes below its trigger value, 70% of its initial level, in which case investors will lose 1% for every 1% that the least-performing index finishes below its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price on July 21 and settle on July 26.

The Cusip number if 46647MXV0.


© 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.