New Issue: JPMorgan prices $1.5 million capped buffered return enhanced notes tied to S&P 500

By Jennifer Chiou

New York, Feb. 26 – JPMorgan Chase & Co. priced $1,498,000 of 0% capped buffered return enhanced notes due Feb. 28, 2017 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 1.75 times any gain in the index, up to a maximum return of 14%.

Investors will receive par if the index falls by up to 10% and 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:	S&P 500
Amount:	$1,498,000
Maturity:	Feb. 28, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 175% of any index gain, capped at 14%; par if index falls by 10%; exposure to losses beyond 10%
Initial level:	2,115.48
Pricing date:	Feb. 24
Settlement date:	Feb. 27
Agent:	J.P. Morgan Securities LLC
Fees:	0.102%
Cusip:	48125UAV4

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