By Angela McDaniels
Tacoma, Wash., Oct. 25 – JPMorgan Chase Financial Co. LLC priced $3.55 million of 6.55% yield notes due Oct. 27, 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 are guaranteed by JPMorgan Chase & Co.
Interest is payable monthly.
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.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Yield notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $3.55 million
|
| Maturity: | Oct. 27, 2017
|
| Coupon: | 6.55%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless either index finishes below initial level and either index closes below trigger value during life of notes, in which case exposure to decline of lesser-performing index from initial level
|
| Initial index levels: | 2,151.33 for S&P 500 and 1,226.448 for Russell 2000
|
| Trigger values: | 1,505.931 for S&P 500 and 858.5136 for Russell 2000; 70% of initial levels
|
| Pricing date: | Oct. 24
|
| Settlement date: | Oct. 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 46646EZ96
|
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