JPMorgan to price 8% to 10% autocallable yield notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, June 2 – JPMorgan Chase Financial Co. LLC plans to price autocallable yield notes due Oct. 2, 2017 linked to the lesser performing of the S&P 500 index and the Russell 2000 index according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Interest is payable monthly at a rate of 8% to 10% a year, with the exact percentage to be set at pricing.

The notes will be called at par if each index closes at or above its initial level on any quarterly review date other than the first and final dates.

The payout at maturity will be par unless either index closes below its trigger level, 70% of its initial level, during the life of the notes and either index finishes below its initial level, in which case investors will be fully exposed any losses of the worse performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 27 and settle on June 30.

The Cusip number is 46646EFQ0.

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