New Issue: JPMorgan sells $4.26 million capped buffered return enhanced notes linked to Russell

By Wendy Van Sickle

Columbus, Ohio, March 30 – JPMorgan Chase & Co. priced $4.26 million of 0% capped buffered return enhanced notes due May 3, 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 1.5 times any index gain, subject to a maximum return of 13%.

If the index drops by up to 10%, the payout will be par. Investors will lose 1% for every 1% the index declines beyond the 10% buffer.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped buffered return enhanced notes
Underlying index:	Russell 2000
Amount:	$4,256,000
Maturity:	May 3, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at 13%; par if index falls by up to 10%; 1% loss for every 1% index falls beyond 10%
Initial level:	1,080.231
Pricing date:	March 28
Settlement date:	April 4
Agent:	J.P. Morgan Securities LLC
Fees:	0.25%
Cusip:	48128GRW2

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