By Jennifer Chiou
New York, Jan. 27 – JPMorgan Chase & Co. priced $4,661,000 of 0% capped contingent buffered return enhanced notes due July 26, 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.15 times any fund gain, up to a maximum return of 160%, which is a maximum payment at maturity of $2,600.00 per $1,000 principal amount note.
Investors will receive par if the shares fall by up to 35% and will share fully in losses if the fund finishes below the 65% buffer level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped contingent buffered return enhanced notes
|
| Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production
|
| Amount: | $4,661,000
|
| Maturity: | July 26, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | 115% of any fund gain, capped at 160%; par for losses up to 35%; full exposure to losses if shares fall by more than 35%
|
| Initial price: | $45.52
|
| Pricing date: | Jan. 23
|
| Settlement date: | Jan. 30
|
| Agent: | JPMorgan Securities LLC
|
| Fees: | 2.6%
|
| Cusip: | 48127D6A1
|
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