By Susanna Moon
Chicago, June 24 – JPMorgan Chase Financial Co. LLC priced $1.08 million of 6.5% autocallable yield notes due Dec. 28, 2017 linked to the least performing of the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
The notes will be called at par if each index closes at or above its strike level on any quarterly review date other than the final date.
The payout at maturity will be par unless either index falls by more than 20% from the strike level, in which case investors will lose 1.25% for each 1% decline of the worse performing index beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable yield notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $1,079,000
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| Maturity: | Dec. 28, 2017
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| Coupon: | 6.5%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless either index falls by more than 20%, in which case 1.25% loss per 1% decline of the worse performing index beyond 20%
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| Call: | At par if each index closes at or above strike level on any quarterly review date other than the final date
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| Strike levels: | 1,153.871 for S&P, 2,088.90 for Russell
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| Strike date: | June 21
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| Pricing date: | June 22
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| Settlement date: | June 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.15%
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| Cusip: | 46646EKA9
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