By Angela McDaniels
Tacoma, Wash., June 23 – JPMorgan Chase & Co. priced $1 million of 5.7% callable yield notes due Dec. 27, 2016 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par on any interest payment date other than the final date.
The payout at maturity will be par unless either index finishes below its trigger level, 70% of its initial level, in which case investors will experience a loss proportionate to the decline of the lesser-performing component.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Callable yield notes
|
| Underlying indexes: | Russell 2000 and Euro Stoxx 50
|
| Amount: | $1 million
|
| Maturity: | Dec. 27, 2016
|
| Coupon: | 5.7%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless either index finishes below trigger level, in which case investors will experience loss proportionate to decline of lesser-performing component
|
| Call option: | At par on any interest payment date other than final date
|
| Initial levels: | 1,284.661 for Russell 2000 and 3,455.80 for Euro Stoxx 50
|
| Trigger levels: | 899.2627 for Russell 2000 and 2,419.06 for Euro Stoxx 50; 70% of initial levels
|
| Pricing date: | June 19
|
| Settlement date: | June 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48125UWS7
|
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