New Issue: JPMorgan prices $14.99 million review notes on Russell, iShares EAFE

By Marisa Wong

Madison, Wis., April 14 – JPMorgan Chase & Co. priced $14.99 million of 0% review notes due Oct. 14, 2016 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 10.7% per year if each underlying component closes at or above its initial level on Oct. 13, April 11, 2016 or Oct. 11, 2016.

If the notes are not called and each underlying component falls by no more than 20%, the payout at maturity will be par. Otherwise, investors will lose 1.25% for each 1% decline of the lesser-performing component beyond the 20% buffer.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Review notes
Underlying components:	Russell 2000, iShares MSCI EAFE ETF
Amount:	$14,989,000
Maturity:	Oct. 14, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If notes are not called and final level of each component is less than initial level by up to 20%, par; otherwise, 1.25% loss for each 1% drop of lesser-performing index beyond 20% buffer
Call:	Automatically at par plus a premium of 10.7% per year if each underlying component closes at or above its initial level on Oct. 13, April 11, 2016 or Oct. 11, 2016
Initial levels:	1,264.775 for Russell 2000, $66.26 for ETF
Pricing date:	April 10
Settlement date:	April 15
Agent:	J.P. Morgan Securities LLC
Fees:	0.19617%
Cusip:	48125UND0

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