New Issue: JPMorgan prices $811,000 6% autocallable yield notes linked to S&P 500, Russell 2000

By Toni Weeks

San Luis Obispo, Calif., June 17 – JPMorgan Chase & Co. priced $811,000 of 6% autocallable yield notes due Dec. 20, 2016 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

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 final review date.

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

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Autocallable yield notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$986,000
Maturity:	Dec. 20, 2016
Coupon:	6%, payable monthly
Price:	Par
Payout at maturity:	Par unless either index closes below trigger level on any day during life of notes and either index finishes below initial level, in which case full exposure to decline of worst-performing index
Call:	Automatically at par if each index closes at or above initial level on any quarterly review date other than final review date
Initial index levels:	2,084.43 for S&P, 1,261.038 for Russell
Trigger values:	1,459.101 for S&P, 882.7266 for Russell; 70% of initial levels
Pricing date:	June 15
Settlement date:	June 18
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48125UWU2

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.