By Susanna Moon
Chicago, Aug. 27 – JPMorgan Chase & Co. priced $2.05 million of 0% buffered return enhanced notes due Aug. 29, 2017 to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus any fund gain, up to a maximum return of 30%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Buffered return enhanced notes
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| Underlying fund: | iShares MSCI EAFE ETF
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| Amount: | $2.05 million
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| Maturity: | Aug. 29, 2017
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus any fund gain, capped at 30%; par if fund falls by up to 10%; 1% loss per 1% drop beyond the 10%
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| Initial level: | $57.85
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| Pricing date: | Aug. 24
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| Settlement date: | Aug. 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.35%
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| Cusip: | 48125UQ62
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