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JPMorgan plans 5.5%-7.5% one-year yield notes tied to three indexes
By Susanna Moon
Chicago, Aug. 25 – JPMorgan Chase Financial Co. LLC plans to price 5.5% to 7.5% yield notes due Sept. 6, 2018 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable quarterly, with the exact rate to be set at pricing.
The notes will be callable at par on any quarterly call date after one year.
The payout at maturity will be par of $10 unless any index ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worst performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 31.
The Cusip number is 46647M3F8.
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