New Issue: JPMorgan prices $620,000 capped buffered notes due 2018 tied to S&P 500

By Susanna Moon

Chicago, July 30 – JPMorgan Chase & Co. priced $620,000 of 0% capped buffered equity notes due Feb. 1, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the index, up to a maximum return of 30%.

Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

J.P. Morgan Securities LLC is the underwriter.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped buffered equity notes
Underlying index:	S&P 500
Amount:	$620,000
Maturity:	Feb. 1, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 30%; par if index falls by up to 20%; 1% loss for every 1% decline beyond 20%
Initial level:	1,978.91
Pricing date:	July 28
Settlement date:	July 31
Agent:	J.P. Morgan Securities LLC
Fees:	0.75%
Cusip:	48127DTP3

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