New Issue: JPMorgan prices $2 million contingent buffered notes linked to Amazon

By Susanna Moon

Chicago, April 7 – JPMorgan Chase & Co. priced $2 million of 0% contingent buffered notes due Oct. 10, 2017 linked to Amazon.com, Inc. shares, according to a 424B2 with the Securities and Exchange Commission.

If the stock finishes above its initial level, the payout at maturity will be par plus the return, with a contingent minimum return of 12% and a maximum return of 23.3%.

If the stock falls by up to 25%, the payout will be par.

Otherwise, the payout will be par plus the return, with full exposure to any losses.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Contingent buffered notes
Underlying stock:	Amazon.com, Inc. (Symbol: AMZN)
Amount:	$2 million
Maturity:	Oct. 10, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If stock gains, par plus any return, floor of 12% and capped at 23.3%; if stock falls by up to 25%, par; otherwise, par plus the return, with full exposure to any losses
Initial level:	$586.14
Contingent buffer:	25%
Pricing date:	April 5
Settlement date:	April 8
Agent:	J.P. Morgan Securities LLC
Fees:	0.75%
Cusip:	46625HQX1

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