Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for iShares MSCI EAFE exchange-traded fund > News item |
JPMorgan plans contingent coupon callable yield notes on indexes, fund
By Susanna Moon
Chicago, Aug. 16 - JPMorgan Chase & Co. plans to price contingent coupon callable yield notes due Aug. 28, 2017 linked to the least performing of the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The notes will pay a quarterly coupon at an annual rate of at least 8% if each underlying component closes at or above its 60% barrier level on the observation date for that quarter. The exact contingent quarterly coupon will be set at pricing.
The notes are callable at par plus the contingent coupon on any interest payment date other than the maturity date.
The payout at maturity will be par unless either index or the fund finishes below its 60% knock-in level, in which case investors will receive par plus the return of the worst performing component.
J.P. Morgan Securities LLC is the agent.
The notes will price Aug. 21 and settle Aug. 26.
The Cusip number is 48126NNU7.
© 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.