New Issue: JPMorgan prices $1.48 million capped buffered return enhanced notes on iShares MSCI EM

By Wendy Van Sickle

Columbus, Ohio, March 30 – JPMorgan Chase & Co. priced $1.48 million of capped buffered return enhanced notes due March 29, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus two times any fund gain up to a maximum return of 26%.

Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped buffered return enhanced notes
Underlying ETF:	iShares MSCI Emerging Markets
Amount:	$1,475,000
Maturity:	March 29, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus double any ETF gain, capped at 26%; par if ETF declines by 10% or less; exposure to losses beyond 10%
Initial value:	$33.47
Pricing date:	March 28
Settlement date:	March 31
Agent:	J.P. Morgan Securities LLC
Fees:	0.19841%
Cusip:	48128GQC7

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