New Issue: JPMorgan prices $6.87 million knock-out buffered notes on Euro Stoxx, iShares MSCI EAFE

By Jennifer Chiou

New York, May 20 - JPMorgan Chase & Co. priced $6.87 million of 0% knock-out buffered return enhanced notes due Nov. 21, 2016 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each component finishes at or above its initial level, the payout at maturity will be par plus 1.94 times the return of the lesser-performing component.

If either component falls but finishes at or above the 75% knock-out level, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the lesser-performing component.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Knock-out buffered return enhanced notes
Underlying assets:	Euro Stoxx 50 index, iShares MSCI EAFE ETF
Amount:	$6.87 million
Maturity:	Nov. 21, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If each component gains or remains flat, par plus 1.94 times the return of the lesser-performing component; if either component falls but finishes at or above the knock-out level, par; otherwise, full exposure to any losses of lesser-performing component
Initial levels:	3,172.72 for index, $68.49 for ETF
Knock-out buffer: 25% of initial level
Pricing date:	May 16
Settlement date:	May 21
Agent:	J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	48127DHK7

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