New Issue: JPMorgan prices $1.23 million 8.5% callable yield notes linked to Stoxx, Russell

By Wendy Van Sickle

Columbus, Ohio, Feb. 23 – JPMorgan Chase & Co. priced $1.23 million of 8.5% callable yield notes due Aug. 28, 2017 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The notes will be callable at par on any interest payment date.

If the notes are not called, the payout at maturity will be par unless either index finishes below its trigger value, 65% of its initial level, in which case investors will lose 1% for every 1% that the lesser-performing index finishes below its initial level.

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:	$1.23 million
Maturity:	Aug. 28, 2017
Coupon:	8.5%, payable quarterly
Price:	Par
Payout at maturity:	Par plus final interest payment unless eithr index finishes below its trigger level, in which case full exposure to decline of worse performing index
Call option:	At par on May 26, 2016, Aug. 26, 2016, Nov. 29, 2016, Feb. 28, 2017 or May 26, 2017
Initial levels:	1,010.011 for Russell 2000 and 2,871.05 for Euro Stoxx 50
Trigger levels:	656.50715 for Russell 2000 and 1,866.1825 for Euro Stoxx 50; 65% of initial levels
Pricing date:	Feb. 19
Settlement date:	Feb. 26
Agent:	J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	48128GNR7

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