JPMorgan to price 5%-7% yield notes linked to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., Aug. 2 – JPMorgan Chase Financial Co. LLC plans to price 5% to 7% yield notes due May 31, 2017 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

Interest will be payable monthly. The exact interest rate will be set at pricing.

The payout at maturity will be par unless either index finishes below its initial level and either index closes below its trigger value, 70% of its initial level, during the life of the notes, in which case investors will be exposed to the decline of the lesser-performing index from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes will price Aug. 26.

The Cusip number is 46646ESF0.

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