New York, June 6 – JPMorgan Chase & Co. priced $1 million of 0% capped buffered return enhanced notes due Dec. 6, 2017 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 1.5 times any index gain, subject to a maximum return of 22.875%.
If the index drops by up to 10%, the payout will be par. Otherwise, investors will lose 1.1111% for every 1% loss beyond 10%.
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 index: | Euro Stoxx 50
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| Amount: | $1 million
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| Maturity: | Dec. 6, 2017
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 1.5 times any index gain, capped at 22.875%; par if index falls by up to 10%; 1.1111% loss for every 1% decline in the index beyond 10%
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| Initial level: | 3,038.77
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| Pricing date: | June 1
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| Settlement date: | June 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 46646EFW7
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