New Issue: JPMorgan sells $1.2 million 6.75% callable yield notes linked to indexes, EAFE ETF

By Devika Patel

Knoxville, Tenn., Jan. 14 – JPMorgan Chase & Co. priced $1.2 million of 6.75% callable yield notes due Jan. 22, 2018 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B8 filed with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes are callable at par in whole but not in part on any interest payment date other than the first and final dates.

The payout at maturity will be par unless any underlier finishes below its trigger level, 60% of its initial level, in which case investors will experience a loss proportionate to the decline of the least-performing underlier.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Callable yield notes
Underliers:	S&P 500 index, Russell 2000 index, iShares MSCI EAFE exchange-traded fund
Amount:	$1.2 million
Maturity:	Jan. 22, 2018
Coupon:	6.75%, payable quarterly
Price:	Par
Payout at maturity:	Par unless any underlier finishes below trigger level, in which case investors will experience loss proportionate to decline of least-performing component
Call option:	At par on any interest payment date other than first and final dates
Initial levels:	1,938.68 for S&P 500, 1,044.697 for Russell 2000 and $55.43 for ETF
Trigger levels:	1,163.208 for S&P 500, 626.8182 for Russell 2000 and $33.258 for ETF; 60% of initial levels
Pricing date:	Jan. 12
Settlement date:	Jan. 15
Agent:	J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	48128GJQ4

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