Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Twitter Inc. > News item |
JPMorgan plans contingent income autocallables linked to Twitter
By Susanna Moon
Chicago, Nov. 7 – JPMorgan Chase & Co. plans to price contingent income autocallable securities due Nov. 19, 2015 linked to Twitter, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly payment of at least 4.375% if the stock closes at or above its 70% barrier level on the observation date for that quarter.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any determination date other than the final date.
The payout at maturity will be par plus the final coupon unless the stock finishes below its 70% trigger level, in which case investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
The notes will price on Nov. 14.
The Cusip number is 48127P846.
© 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.