By Toni Weeks
San Luis Obispo, Calif., June 23 – JPMorgan Chase & Co. priced $450,000 of 0% capped contingent buffered return enhanced notes due Dec. 24, 2018 linked to SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange.
If the fund return is positive, the payout at maturity will be par plus 1.25 times the fund return, subject to a maximum return of 66%.
Investors will receive par if the fund falls by up to 35% and will lose 1% for each 1% fund decline from the initial level if it falls by more than 35%.
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: | $450,000
|
| Maturity: | Dec. 24, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any fund gain, capped at 66%; par if fund falls by up to 35%; full exposure to losses from initial level if fund falls by more than 35%
|
| Initial level: | $48.03
|
| Contingent buffer: | 35%
|
| Pricing date: | June 19
|
| Settlement date: | June 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.6%
|
| Cusip: | 48125UVA7
|
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