By Angela McDaniels
Tacoma, Wash., Nov. 25 – JPMorgan Chase & Co. priced $1.94 million of 0% capped buffered return enhanced notes due Nov. 22, 2017 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 1.5 times the ETF return, up to a maximum return of 30.48%. Investors will receive par if the ETF declines by 15% or less and will lose 1.1765% for every 1% that the ETF declines beyond 15%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped buffered return enhanced notes
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Underlying ETF: | Energy Select Sector SPDR fund
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Amount: | $1.94 million
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Maturity: | Nov. 22, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any ETF gain, capped at 30.48%; par if ETF declines by 15% or less; 1.1765% loss for every 1% that ETF declines beyond 15%
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Initial share price: | $66.90
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Pricing date: | Nov. 20
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Settlement date: | Nov. 25
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48128GDS6
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