New Issue: JPMorgan prices $1 million contingent buffered notes tied to 11 stocks

By Susanna Moon

Chicago, Sept. 11 – JPMorgan Chase & Co. priced $1 million of 0% capped contingent buffered equity notes due March 15, 2017 linked to an equally weighted basket of 11 common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are Apple Inc., Allergan, Inc., Bank of America Corp., Bristol-Myers Squibb Co., Costco Wholesale Corp., Walt Disney Co., Google Inc., Home Depot, Inc., Merck & Co., Inc., Pfizer Inc. and Wells Fargo & Co.

The payout at maturity will be par plus any basket gain, up to a maximum return of 30%.

If the basket falls by up to the 10% contingent buffer, the payout will be par.

Otherwise, the payout will be par plus the return, with full exposure to any losses.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped contingent buffered equity notes
Underlying stocks:	Apple Inc., Allergan, Inc., Bank of America Corp., Bristol-Myers Squibb Co., Costco Wholesale Corp., Walt Disney Co., Google Inc., Home Depot, Inc., Merck & Co., Inc., Pfizer Inc. and Wells Fargo & Co.
Amount:	$1 million
Maturity:	March 15, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If basket gains, par plus any return, capped at 30%; if basket falls by up to 10%, par; otherwise full exposure to any losses
Contingent buffer:	10%
Pricing date:	Sept. 4
Settlement date:	Sept. 8
Agent:	J.P. Morgan Securities LLC
Fees:	1.25%
Cusip:	48125U4D1

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