New Issue: JPMorgan prices $2.1 million capped market plus notes linked to WTI crude

By Susanna Moon

Chicago, Aug. 5 – JPMorgan Chase & Co. priced $2.1 million of 0% capped market plus notes due Oct. 6, 2015 linked to the performance of WTI crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange.

If the price of crude finishes at or above the 85% barrier level, the payout at maturity will be par plus the greater of double any gain up to a maximum return of 20% and a digital return of 5.4%.

Otherwise, the payout at maturity will be par plus the stock return with exposure to any losses.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped market plus notes
Underlying asset:	WTI crude oil futures contracts
Amount:	$2.1 million
Maturity:	Oct. 6, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If crude finishes at or above barrier level, par plus 200% of any gain, capped at 20% and floor of 5.4%; otherwise, par plus return, with exposure to losses
Initial level:	$97.88
Contingent buffer:	15%
Pricing date:	Aug. 1
Settlement date:	Aug. 6
Agent:	J.P. Morgan Securities LLC
Fees:	1.2%
Cusip:	48126N7H4

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