By Susanna Moon
Chicago, Feb. 5 – JPMorgan Chase & Co. priced $1 million of 0% buffered return enhanced notes due Feb. 7, 2019 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 50% weight, the S&P MidCap 400 index with a 17% weight, the Russell 2000 index with an 8% weight, the MSCI EAFE index with a 17% weight and the MSCI Emerging Markets index with an 8% weight.
The payout at maturity will be par plus 1.3 times any gain in the basket.
Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Buffered return enhanced notes
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| Underlying basket: | S&P 500 index (50% weight), S&P MidCap 400 index (17% weight), Russell 2000 index (8% weight), MSCI EAFE index (17% weight) and MSCI Emerging Markets index (8% weight)
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| Amount: | $1 million
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| Maturity: | Feb. 7, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 130% of any basket gain; par if basket falls up to 15%; 1.1765% loss for every 1% drop beyond 15%
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| Buffer amount: | 15%
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| Pricing date: | Feb. 2
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| Settlement date: | Feb. 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48127D6U7
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