JPMorgan plans review notes tied to Alerian MLP, VanEck oil services

New York, March 15 – JPMorgan Chase Financial Co. LLC plans to price 0% review notes due March 22, 2021 linked to the lesser performing of the Alerian MLP exchange-traded fund and the VanEck Vectors Oil Services exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The notes will be called at par plus an annual call premium of 14.55% if each fund closes at or above its initial level on any of four annual call dates.

The payout will be par plus the contingent minimum return of 12% if each fund finishes at or above its trigger level, which will be 60% of its initial level.

Otherwise, investors will be fully exposed to any losses of the worse performing fund.

J.P. Morgan Securities LLC is the agent.

The notes will price on March 17 and settle on March 22.

The Cusip number is 46646QV93.

© 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.