New Issue: JPMorgan prices $3.05 million 6.75% callable yield notes on S&P 500, Russell 2000

By Marisa Wong

Morgantown, W.Va., May 11 – JPMorgan Chase & Co. priced $3.05 million of 6.75% callable yield notes due May 7, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be callable at par on any interest payment date.

The payout at maturity will be par unless either index finishes below its 75% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Callable yield notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$3,046,000
Maturity:	May 7, 2018
Coupon:	6.75%, payable quarterly
Price:	Par of $1,000
Payout at maturity:	Par plus final coupon unless either index finishes below trigger level, in which case full exposure to decline of worse performing index
Call option:	At par on any interest payment date
Initial levels:	2,065.30 for S&P and 1,130.845 for Russell
Trigger levels:	1,548.975 for S&P and 848.13375 for Russell; 75% of initial levels
Pricing date:	April 29
Settlement date:	May 6
Agent:	J.P. Morgan Securities LLC
Fees:	1.65%
Cusip:	46646EAG7

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