JPMorgan plans four-year review notes tied to Stoxx 50, Russell 2000

By Susanna Moon

Chicago, April 10 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due May 16, 2022 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 9.5% if each stock closes at or above its initial level on any annual review date. The call level will be 100% of the initial level for the first three review dates and 70% of the initial level for the final review date.

If the notes are not called, the payout at maturity will be par plus the return of the worse performing index with full exposure to any losses.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price on April 20.

The Cusip number is 48129MKM7.

© 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.