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 interest autocallables tied to indexes, fund
By Susanna Moon
Chicago, Feb. 6 – JPMorgan Chase & Co. plans to price autocallable contingent interest notes due Feb. 21, 2020 linked to the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to an FWP with the Securities and Exchange Commission.
If each underlying component closes at or above the 75% barrier level on a quarterly review date, the notes will pay a coupon at an annualized rate of 10.3% for that quarter.
If each component closes at or above its initial level on any review date other than the final review date, the notes will be called at par plus the coupon.
A trigger event occurs if any component closes below the 75% trigger level on any day during the life of the notes.
If the notes have not been called, the payout at maturity will be par plus the contingent coupon unless any component finishes below its initial level and a trigger event has occurred, in which case investors will be fully exposed to any losses of the worst performing component.
J.P. Morgan Securities LLC is the agent.
The notes will price on Feb. 18 and settle on Feb. 23.
The Cusip number is 48125UBZ4.
© 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.