By Susanna Moon
Chicago, Oct. 2 – JPMorgan Chase & Co. priced $1.25 million of 0% uncapped buffered return enhanced notes due Sept. 29, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 21.75%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Buffered return enhanced notes
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| Underlying index: | Russell 2000
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| Amount: | $1.25 million
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| Maturity: | Sept. 29, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any index gain, capped at 21.75%; par if the index falls by up to 10%; exposure to any losses beyond 10%
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| Initial level: | 1,122.789
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| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.28448%
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| Cusip: | 48125UV82
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