By Marisa Wong
Morgantown, W.Va., Dec. 7 – JPMorgan Chase & Co. priced $1.49 million of capped buffered return enhanced notes due Nov. 30, 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 index gain, with the return capped at 20.5%.
If the index declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying index: | Russell 2000
|
| Amount: | $1.49 million
|
| Maturity: | Nov. 30, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, capped at 20.5%; par if index declines by up to 10%; exposure to losses beyond 10%
|
| Initial value: | 1,188.814
|
| Pricing date: | Nov. 24
|
| Settlement date: | Nov. 30
|
| Agents: | J.P. Morgan Securities LLC
|
| Fees: | 0.1404%
|
| Cusip: | 48128GBS8
|
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