By Susanna Moon
Chicago, Aug. 20 – JPMorgan Chase & Co. priced $2.1 million of 0% contingent buffered equity notes due Aug. 23, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.
If the index finishes above the initial level, the payout at maturity will be par plus 1.22 times the gain.
If the index falls by up to the 20% contingent buffer, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Contingent buffered return enhanced notes
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| Underlying index: | S&P 500
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| Amount: | $2.1 million
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| Maturity: | Aug. 23, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 122% of return; par if index falls by up to 20%; otherwise, full exposure to any losses
|
| Initial level: | 1,971.74
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| Contingent buffer: | 20%
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| Pricing date: | Aug. 18
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| Settlement date: | Aug. 21
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 48127DXK9
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