New Issue: JPMorgan prices $700,000 7% yield notes linked to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., June 10 – JPMorgan Chase & Co. priced $700,000 of 7% yield notes due Aug. 31, 2017 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on Nov. 30, 2016, Feb. 27, 2017 or May 31, 2017.

The payout at maturity will be par unless either index finishes below its initial level and either index closes below its trigger value, 70% of its initial level, during the life of the notes, in which case investors will be exposed to the decline of the lesser-performing index from its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Yield notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$700,000
Maturity:	Aug. 31, 2017
Coupon:	7%, payable monthly
Price:	Par
Payout at maturity:	Par unless either index finishes below initial level and either index closes below trigger value during life of notes, in which case exposure to decline of lesser-performing index from initial level
Call option:	At par on Nov. 30, 2016, Feb. 27, 2017 or May 31, 2017
Initial index levels:	2,090.54 for S&P 500 and 1,141.024 for Russell 2000
Trigger values:	1,463.378 for S&P 500 and 798.7168 for Russell 2000; 70% of initial levels
Pricing date:	May 25
Settlement date:	May 31
Agent:	J.P. Morgan Securities LLC
Fees:	0.25%
Cusip:	48128GXB1

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