New Issue: JPMorgan prices $1.69 million capped buffered enhanced notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 20 – JPMorgan Chase & Co. priced $1.69 million of 0% capped buffered enhanced participation equity notes due May 23, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.

If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, up to a maximum settlement amount of $1,197.25 per $1,000 principal amount of notes. Investors will receive par if the index falls by 10% or less and will lose 1.1111% for each 1% that it 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:	$1,685,000
Maturity:	May 23, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any gain in index, up to $1,197.25 per $1,000 note; par if index falls by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
Initial index level:	2,094.34
Pricing date:	May 18
Settlement date:	May 25
Agent:	J.P. Morgan Securities LLC
Fees:	2%
Cusip:	48128GXV7

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