JPMorgan to price autocallable yield notes tied to Russell, S&P, Stoxx

By Tali Rackner

Minneapolis, Aug. 24 – JPMorgan Chase Financial Co. LLC plans to price 7% autocallable yield notes due Sept. 4, 2018 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Interest is payable monthly. The rate will be at least 7% per year and will be set at pricing.

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

The payout at maturity will be par plus the final coupon unless any index finishes below its initial value and any index closes below its 70% trigger value on any day during the life of the notes, in which case investors will lose 1% for each 1% decline of the least-performing index.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 29 and settle on Sept. 1.

The Cusip number is 46647MM83.

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