New Issue: JPMorgan prices $12.22 million buffered jump notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Nov. 30 – JPMorgan Chase & Co. priced $12.22 million of 0% buffered jump securities due May 29, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par of $10 plus 17.65%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Smith Barney LLC.

Issuer:	JPMorgan Chase & Co.
Issue:	Buffered jump securities
Underlying index:	S&P 500
Amount:	$12,221,500
Maturity:	May 29, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is greater than or equal to initial index level, par plus 17.65%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial index level:	2,086.59
Pricing date:	Nov. 23
Settlement date:	Nov. 27
Agent:	J.P. Morgan Securities LLC
Distribution:	Morgan Stanley Smith Barney LLC
Fees:	2.5%
Cusip:	48127Y193

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