New Issue: JPMorgan prices $1.01 million capped buffered enhanced notes linked to iShares MSCI EM

By Angela McDaniels

Tacoma, Wash., May 26 – JPMorgan Chase & Co. priced $1.01 million of 0% capped buffered enhanced participation equity notes due April 26, 2017 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange.

If the ETF return is positive, the payout at maturity will be par plus 1.6 times the ETF return, up to a maximum settlement amount of $1,257.60 per $1,000 principal amount of notes. Investors will receive par if the ETF falls by 12.5% or less and will lose 1.1429% for each 1% that it declines beyond 12.5%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped buffered enhanced participation equity notes
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$1,013,000
Maturity:	April 26, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 160% of any gain in fund, capped at 25.76%; par if fund falls by 12.5% or less; 1.1429% loss for every 1% that ETF declines beyond 12.5%
Initial share price:	$42.60
Pricing date:	May 21
Settlement date:	May 29
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48125USG8

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