New Issue: JPMorgan prices $1.23 million 6% autocallable yield notes linked to S&P, Russell

By Tali Rackner

Norfolk, Va., Oct. 23 – JPMorgan Chase & Co. priced $1.23 million of 6% autocallable yield notes due Jan. 26, 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 of $1,000 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 64.8% trigger 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 any losses 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 index and Russell 2000 index
Amount:	$1,234,000
Maturity:	Jan. 26, 2017
Coupon:	6%, payable monthly
Price:	Par of $1,000
Payout at maturity:	Par unless return of either index is less than 64.8% trigger, in which case investors will be exposed to losses of lesser-performing index
Call:	Automatically at par if each index closes at or above initial level on any review date other than the final one
Initial index levels:	2,018.94 for S&P 500 and 1,144.948 for Russell
Trigger value:	1,308.27312 for S&P 500 and 741.9263 for Russell, 64.8% of the initial value
Pricing date:	Oct. 21
Settlement date:	Oct. 26
Agent:	J.P. Morgan Securities LLC
Fees:	2.35%
Cusip:	48125U6D9

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