By Susanna Moon
Chicago, Dec. 30 – JPMorgan Chase & Co. priced $2.8 million of 0% capped buffered return enhanced notes due Dec. 29, 2017 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 1.25 times any gain in the index, up to a maximum return of 18.15%.
Investors will receive par if the index falls by up to 15% and will be exposed to any losses beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Capped buffered return enhanced notes
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| Underlying index: | S&P 500
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| Amount: | $2.8 million
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| Maturity: | Dec. 29, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.25 times any index gain, capped at 18.15%; par if the index falls by up to 15%; exposure to any losses beyond 15%
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| Initial index level: | 2,064.29
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48128GGR5
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