New Issue: JPMorgan sells $10.93 million capped buffered enhanced notes on S&P 500

By Marisa Wong

Madison, Wis., April 13 – JPMorgan Chase & Co. priced $10.93 million of 0% capped buffered enhanced participation equity notes due Dec. 14, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.

The payout at maturity will be par plus 1.4 times any gain in the index, up to a maximum settlement amount of $1,184.10 per $1,000 principal amount.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped buffered enhanced participation equity notes
Underlying index:	S&P 500
Amount:	$10,926,000
Maturity:	Dec. 14, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 140% of any gain in the index, capped at 18.41%; par if index falls by up to 10%; 1.1111% loss per 1% drop beyond 10%
Initial level:	2,091.18
Pricing date:	April 9
Settlement date:	April 16
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48125UNC2

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