Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Amazon.com, Inc. > News item |
JPMorgan plans contingent interest autocallables tied to Amazon
By Sarah Lizee
Olympia, Wash., April 10 – JPMorgan Chase Financial Co. LLC plans to price autocallable contingent interest notes due July 28, 2020 linked to Amazon.com, Inc. stock, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of at least 8.2% if the stock closes at or above the 70% coupon barrier on the observation date for that quarter.
The notes will be called at par plus the contingent coupon if the shares close at or above the initial price on a quarterly review date other than the first and final dates.
The payout at maturity will be par plus unless the stock ever closes below its 70% trigger level during the life of the notes and finishes below its initial level, in which case investors will be fully exposed to any losses.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the underwriter.
The notes will price on April 23.
The Cusip number is 48132CBR3.
© 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.