By Devika Patel
Knoxville, Tenn., March 16 – JPMorgan Chase & Co. priced $1.93 million of 0% capped return enhanced notes due May 2, 2017 linked to the MSCI Europe index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 26.25%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Capped return enhanced notes
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| Underlying index: | MSCI Europe
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| Amount: | $1.93 million
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| Maturity: | May 2, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus triple any index gain, capped at 26.25%; exposure to any losses
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| Initial index level: | 116.17
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| Pricing date: | March 15
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| Settlement date: | March 18
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48128GRN2
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