New Issue: JPMorgan prices $591,000 yield notes due 2020 tied to Russell, S&P

By Sarah Lizee

Olympia, Wash., March 25 – JPMorgan Chase Financial Co. LLC priced $591,000 of 12% yield notes due Sept. 17, 2020 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 quarterly.

The payout at maturity will be par unless either asset closes below 70% of its initial level on any day during the life of the notes, in which case investors will be lose 1% for each 1% loss of the worse performing asset.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Yield notes
Underlying assets:	Russell 2000 index and S&P 500 index
Amount:	$591,000
Maturity:	Sept. 17, 2020
Coupon:	12%, payable quarterly
Price:	Par
Payout at maturity:	Par unless either asset closes below 70% of its initial level on any day during the life of the notes, in which case investors will be lose 1% for each 1% loss of the worse performing asset
Initial levels:	2,711.02 for S&P, 1,210.135 for Russell
Trigger levels:	1,897.714 for S&P, 847.0945 for Russell; 70% of initial levels
Pricing date:	March 13
Settlement date:	March 18
Agent:	J.P. Morgan Securities LLC
Fees:	1.375%
Cusip:	48132KGS8

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