JPMorgan delays pricing of autocallable yield notes linked to indexes

By Angela McDaniels

Tacoma, Wash., Dec. 20 – JPMorgan Chase Financial Co. LLC delayed the pricing date of its upcoming autocallable yield notes linked to the S&P 500 index and the Russell 2000 index to Dec. 23 from Dec. 21, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature Dec. 27, 2017 and be guaranteed by JPMorgan Chase & Co.

The interest rate is expected to be at least 6.75% and will be set at pricing. Interest will be payable monthly.

The notes will be called at par if each index closes at or above its initial level on June 21, 2017 or Sept. 21, 2017.

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 the decline of the lesser-performing index.

J.P. Morgan Securities LLC is the agent.

The Cusip number is 46646QFU4.

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