Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for euro > News item |
JPMorgan to price callable range accrual notes linked to euro, S&P 500
By Marisa Wong
Madison, Wis., March 5 - JPMorgan Chase & Co. plans to price callable range accrual notes due March 21, 2029 linked to the performance of the euro relative to the dollar and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable quarterly. The interest rate will be the interest factor multiplied by the proportion of days on which the index's closing level is greater than or equal to the equity index strike and the foreign exchange rate is less than or equal to 1.55 dollars per euro. The interest factor is expected to be at least 7.25% per year, and the equity index strike is expected to be 73% to 77% of the initial index level. Both will be set at pricing.
The payout at maturity will be par.
Beginning March 21, 2019, the notes will be callable at par on any interest payment date.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price March 18 and settle March 21.
The Cusip number is 48126NUL9.
© 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.