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Published on 4/28/2015 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $3.48 million return enhanced notes tied to Euro Stoxx

By Angela McDaniels

Tacoma, Wash., April 28 – JPMorgan Chase & Co. priced $3.48 million of 0% capped return enhanced notes due May 11, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange.

If the index return is positive, the payout at maturity will be par plus three times the index return, up to a maximum return of 19.5%. If the index return is negative, investors will have one-to-one exposure to the decline.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase & Co.
Issue:Capped return enhanced notes
Underlying index:Euro Stoxx 50
Amount:$3,475,000
Maturity:May 11, 2016
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus three times index return, up to maximum return of 19.5%; if index return is negative, one-to-one exposure to decline
Initial index level:3,713.96
Pricing date:April 24
Settlement date:April 29
Agent:J.P. Morgan Securities LLC
Fees:1%
Cusip:48125UNY4

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