JPMorgan intends to price callable yield notes linked to indexes, ETF

By Devika Patel

Knoxville, Tenn., April 13 – JPMorgan Chase & Co. plans to price callable yield notes due July 27, 2017 linked to the least performing of the S&P 500 index, the Russell 2000 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is expected to be at least 7% per year and will be set at pricing. Interest will be payable monthly.

The notes will be callable at par on July 27, Oct. 27, 2016, Jan. 27, 2017 and April 27, 2017.

If the notes are not called, the payout at maturity will be par unless any underlying component finishes below its initial level and any underlying closes below its trigger value, 62.75% of its initial level, during the life of the notes, in which case investors will be exposed to the declines of the least-performing underlying.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48128GWJ5) will price on April 20 and settle on April 25.

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