New Issue: JPMorgan prices $3.52 million buffered return enhanced notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., May 18 – JPMorgan Chase & Co. priced $3.52 million of 0% capped buffered enhanced participation equity notes due Nov. 16, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus three times the index return, up to a maximum return of 12%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines 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:	$3,521,000
Maturity:	Nov. 16, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus three times any index gain, capped at 12%; par if index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
Initial index level:	2,046.61
Pricing date:	May 13
Settlement date:	May 20
Agent:	J.P. Morgan Securities LLC
Fees:	1.67%
Cusip:	48128GXX3

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