New Issue: JPMorgan prices $350,000 knock-out buffered notes on Euro Stoxx, iShares MSCI EAFE

By Toni Weeks

San Luis Obispo, Calif., Aug. 26 – JPMorgan Chase & Co. priced $350,000 of 0% knock-out buffered return enhanced notes due Aug. 25, 2017 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying component finishes at or above its initial level, the payout at maturity will be par plus 187% of the return of the lesser-performing underlying component.

If each underlying component falls by no more than 25%, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the lesser-performing underlying component.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Knock-out buffered return enhanced notes
Underlying components:	Euro Stoxx 50 index, iShares MSCI EAFE ETF
Amount:	$350,000
Maturity:	Aug. 25, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If each component gains or remains flat, par plus 1.87 times the return of the lesser-performing component; if either component falls but finishes at or above the knock-out level, par; otherwise, full exposure to any losses of lesser-performing component
Initial levels:	3,098.50 for index, $66.47 for ETF
Knock-out buffer:	25% of initial level
Pricing date:	Aug. 22
Settlement date:	Aug. 27
Agent:	J.P. Morgan Securities LLC
Fees:	3%
Cusip:	48127DWK0

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