New Issue: JPMorgan prices $1.11 million capped contingent buffered notes on oil & gas ETF

By Marisa Wong

Madison, Wis., May 28 – JPMorgan Chase & Co. priced $1.11 million of 0% capped contingent buffered return enhanced notes due Nov. 28, 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.

If the final fund price is greater than the initial price, the payout at maturity will be par plus 1.25 times the fund gain, subject to a maximum return of between 70%.

If the fund finishes flat or falls by up to 35%, the payout will be par. Otherwise, investors will be fully exposed to the decline in the fund from the initial price.

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 ETF
Amount:	$1,113,000
Maturity:	Nov. 28, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If final fund price is greater than the initial price, par plus 1.25 times the fund gain, return capped at 70%; if fund finishes flat or falls by up to 35%, par; otherwise, investors will be fully exposed to the decline from the initial price
Initial price:	$50.76
Pricing date:	May 22
Settlement date:	June 1
Agent:	J.P. Morgan Securities LLC
Fees:	2.6%
Cusip:	48125UPD8

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