JPMorgan will price trigger autocallables tied to Russell, MSCI EAFE

By Devika Patel

Knoxville, Tenn., April 21 – JPMorgan Chase & Co. plans to price 0% trigger autocallable contingent yield notes due April 30, 2026 linked to the least performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7.5% to 8.2% if each underlying closes at or above its coupon barrier, 70% of its initial level, on the observation date for that quarter. The exact contingent coupon will be set at pricing.

The notes will be automatically called at par if each underlying index or fund closes at or above its initial level on any quarterly observation date after one year.

The payout at maturity will be par unless either underlying index or fund finishes below the 50% trigger level, in which case investors will be fully exposed to any losses of the worse performing underlying.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

The notes (Cusip: 48128B721) will price on April 27 and settle on April 29.

© 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.