New Issue: JPMorgan prices $6.06 million autocallable yield notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, March 24 – JPMorgan Chase Financial Co. LLC priced $6.06 million of 5.25% autocallable yield notes due Sept. 26, 2018 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.

Beginning Sept. 21, 2017, 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 80% of its initial, in which case investors will lose 1.25% for each 1% loss of the worse performing index beyond 20%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Autocallable yield notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$6,057,000
Maturity:	Sept. 26, 2018
Coupon:	5.25%, payable monthly
Price:	Par
Payout at maturity:	Par unless either index finishes below 80% of its initial, in which case investors will lose 1.25% for each 1% loss of the worse performing index beyond 20%
Call:	At par plus coupon, beginning on Sept. 21, 2017, if each index closes at or above its initial level on any quarterly review date other than the final date
Initial levels:	1,346.546 for Russell and 2,344.02 for S&P
Pricing date:	March 22
Settlement date:	March 27
Agent:	J.P. Morgan Securities LLC
Fees:	0.15%
Cusip:	46646QNV3

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