New Issue: JPMorgan prices $1.5 million 6% autocallable yield notes linked to S&P, Russell

By Angela McDaniels

Tacoma, Wash., Oct. 8 – JPMorgan Chase & Co. priced $1.5 million of 6% autocallable yield notes due April 6, 2017 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each index closes at or above its initial level on April 4, 2016, July 5, 2016, Oct. 3, 2016 or Jan. 3, 2017.

If the notes are not called and the return of each index is negative 20% or greater, the payout at maturity will be par. Otherwise, investors will lose 1.25% for every 1% that the lesser-performing index declines beyond 20%.

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:	$1.5 million
Maturity:	April 6, 2017
Coupon:	6%, payable monthly
Price:	Par
Payout at maturity:	Par unless return of either index is less than negative 20%, in which case 1.25% loss for every 1% that lesser-performing index declines beyond 20%
Call:	Automatically at par if each index closes at or above initial level on April 4, 2016, July 5, 2016, Oct. 3, 2016 or Jan. 3, 2017
Initial index levels:	1,881.77 for S&P 500 and 1,090.570 for Russell 2000
Pricing date:	Oct. 2
Settlement date:	Oct. 7
Agent:	J.P. Morgan Securities LLC
Fees:	0.15%
Cusip:	48125U7F3

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