JPMorgan to price contingent interest autocallables on three indexes

By Marisa Wong

Morgantown, W.Va., Oct. 20 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due Oct. 26, 2018 linked to the least performing of the S&P 500 Total Return index, the Russell 2000 Total Return index and the Euro Stoxx 50 Net Return index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The notes will pay a contingent quarterly coupon at an annual rate of at least 8.1% if each index closes at or above its 70% coupon barrier on the review date for that quarter.

The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly review date other than the final date.

The payout at maturity will be par plus the contingent coupon unless any index finishes below its initial level and any index ever closes below its 70% trigger level during the life of the notes, in which case investors will lose 1% for each 1% decline of the worst performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 23.

The Cusip number is 48129HHJ9.

© 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.