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Published on 11/14/2016 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $1.19 million 5% callable yield notes on indexes, fund

By Susanna Moon

Chicago, Nov. 14 – JPMorgan Chase Financial Co. LLC priced $1.19 million of 5% callable yield notes due Nov. 19, 2018 linked to the S&P 500 index, Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Interest is payable quarterly.

The notes are callable at par on any interest payment date other than the first and final dates.

The payout at maturity will be par unless any component finishes below its 50% trigger level, in which case investors will lose 1% for each 1% decline of the worst performer.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Callable yield notes
Underlying:S&P 500 index, Russell 2000 index and the iShares MSCI EAFE ETF
Amount:$1,185,000
Maturity:Nov. 19, 2018
Coupon:5%, payable quarterly
Price:Par
Payout at maturity:If any underlying component finishes below trigger level, par plus return of worst performer; otherwise, par
Call option:At par plus coupon on any interest payment date other than first and final dates
Initial levels:2,163.26 for S&P, 1,232.162 for Russell and $57.56 for fund
Trigger levels:1,081.63 for S&P, 616.081 for Russell and $28.78 for fund; 50% of initial levels
Pricing date:Nov. 9
Settlement date:Nov. 15
Agent:J.P. Morgan Securities LLC
Fees:1.3%
Cusip:46646E6H0

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