New Issue: JPMorgan sells $10.43 million 5.5% autocallable yield notes on S&P 500, iShares MSCI EAFE

By Wendy Van Sickle

Columbus, Ohio, March 15 – JPMorgan Chase & Co. priced $10.43 million of 5.5% autocallable yield notes due Sept. 14, 2017 linked to the S&P 500 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each underlying asset closes at or above its initial level on any review date other than the final date.

The payout at maturity will be par unless either underlying asset falls by more than 20%, in which case investors will lose 1.25% for each 1% decline of the worse performing asset.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Autocallable yield notes
Underlying assets:	S&P 500 index, iShares MSCI EAFE exchange-traded fund
Amount:	$10.43 million
Maturity:	Sept. 14, 2017
Coupon:	5.5%, payable monthly
Price:	Par
Payout at maturity:	Par unless either underling asset falls by more than 20%, in which case 1.25% loss for each 1% to decline of lesser-performing asset
Call:	Automatically at par if each index closes at or above initial level on March 13, 2017 or June 12, 2017
Initial index levels:	2,022.19 for S&P 500, $57.32 for iShares MSCI EAFE
Pricing date:	March 11
Settlement date:	March 16
Agent:	J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	48128GRH5

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