JPMorgan plans 9.15% auto callable notes linked to Baker Hughes

By Jennifer Chiou

New York, Jan. 8 - JPMorgan Chase & Co. plans to price an issue of 9.15% auto callable reverse exchangeable notes due Jan. 30, 2008 linked to the common stock of Baker Hughes Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will price on or about Jan. 26 and settle on Jan. 31.

If Baker Hughes stock falls by more than 30% during the life of the notes, the notes will be called and the payout will be a number of Baker Hughes shares equal to $1,000 divided by the initial share price.

If the notes are not called, the payout at maturity will be par.

J.P. Morgan Securities Inc. will be the agent.

© 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.