New Issue: JPMorgan prices $1,000 buffered return enhanced notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., May 20 – JPMorgan Chase & Co. priced $1,000 of 0% capped buffered enhanced participation equity notes due June 22, 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 two times the index return, up to a maximum return of 8.9%. 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:	$1,000
Maturity:	June 22, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus two times any index gain, capped at 8.9%; par if index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
Initial index level:	2,047.63
Pricing date:	May 18
Settlement date:	May 25
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48128GXZ8

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