By Susanna Moon
Chicago, July 28 – JPMorgan Chase & Co. priced $1 million of 0% return enhanced notes due July 27, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus 1.5 times any index gain.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Return enhanced notes
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Underlying index: | S&P 500
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Amount: | $1 million
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Maturity: | July 27, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain; exposure to any losses
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Pricing date: | July 24
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Settlement date: | July 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48125UC42
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