By Susanna Moon
Chicago, May 8 – JPMorgan Chase & Co. priced $1.16 million of 0% contingent buffered return enhanced notes due Nov. 8, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.32 times any gain in the index.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any loses if the index falls by more than the 25% contingent buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Contingent buffered return enhanced notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $1.16 million
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| Maturity: | Nov. 8, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.32 times any index gain; par if index falls by up to 25%; full exposure to any losses if index falls by more than contingent buffer
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| Initial level: | 3,546.56
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| Contingent buffer: | 25% of initial level
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| Pricing date: | May 5
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| Settlement date: | May 8
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48125UPC0
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