By Wendy Van Sickle
Columbus, Ohio, Feb. 19 – JPMorgan Chase & Co. priced $1.7 million of contingent buffered equity notes due Aug. 22, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus the gain.
Investors will receive par if the index falls by up to 18.1% and will be fully exposed to the loss if the index falls by more than 18.1%.
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: | $1.7 million
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| Maturity: | Aug. 22, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus the index gain; par if the index falls by up to 18.1%; full exposure to loss if index falls by more than 18.1%
|
| Initial index level: | 1,926.82
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| Contingent buffer: | 18.1% of initial level
|
| Pricing date: | Feb. 17
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| Settlement date: | Feb. 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48128GPB0
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