By Susanna Moon
Chicago, Jan. 3 – JPMorgan Chase Financial Co. LLC priced $1.14 million of 6.75% autocallable yield notes due Dec. 27, 2017 linked to the lesser performing of the S&P 500 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 initial level on any quarterly review date other than the final date.
The payout at maturity will be par unless either index finishes below its initial level and either ever closes below its 70% trigger level on any day during the life of the notes, 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 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: | $1,142,000
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| Maturity: | Dec. 27, 2017
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| Issue price: | Par
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| Coupon: | 6.75% annualized, payable monthly
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| Payout at maturity: | Par unless either index finishes below initial level and either index ever dips below trigger level, in which case full exposure to losses of worse performing index
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| Call: | At par if each index closes at or above initial level on any quarterly review date other than final date
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| Initial levels: | 2,263.79 for S&P and 1,371.51 for Russell
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| Trigger levels: | 1,584.653 for S&P and 960.057 for Russell; 70% of initial levels
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 46646QFU4
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