New Issue: JPMorgan prices $1.68 million 7.5% callable yield notes linked to indexes, fund

By Susanna Moon

Chicago, Feb. 19 – JPMorgan Chase & Co. priced $1.68 million of 7.5% callable yield notes due Feb. 20, 2018 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B8 filed with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes are callable at par in whole but not in part on any interest payment date other than the first and final dates.

The payout at maturity will be par unless any component finishes below its trigger level, 60% of its initial level, in which case investors will be fully exposed to any losses of the worst performing component.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Callable yield notes
Underlying:	S&P 500 index, Russell 2000 index, iShares MSCI EAFE exchange-traded fund
Amount:	$1,675,000
Maturity:	Feb. 20, 2018
Coupon:	7.5%, payable quarterly
Price:	Par
Payout at maturity:	Par unless any component finishes below trigger level, in which case full exposure to any losses of the worst performing component
Call option:	At par on any interest payment date other than first and final dates
Initial levels:	1,864.78 for S&P, 971.99 for Russell and $52.28 for MSCI EAFE
Trigger levels:	1,118.868 for S&P, 583.194 for Russell and $31.368 for MSCI EAFE; 60% of initial levels
Pricing date:	Feb. 12
Settlement date:	Feb. 18
Agent:	J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	48128GNJ5

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