By Marisa Wong
Morgantown, W.Va., Feb. 18 – JPMorgan Chase & Co. priced $3 million of 0% contingent buffered equity notes due Aug. 16, 2017 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus the gain.
If the index falls by up to 19.5%, the payout will be par.
Otherwise, the payout will be par plus the return, with full exposure to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Contingent buffered equity notes
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| Underlying index: | S&P 500
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| Amount: | $3 million
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| Maturity: | Aug. 16, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus return; if index falls by up to 19.5%, par; otherwise, par plus the return, with full exposure to any losses
|
| Initial level: | 1,864.78
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| Pricing date: | Feb. 12
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| Settlement date: | Feb. 18
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48128GNN6
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