By Marisa Wong
Morgantown, W.Va., Nov. 24 – JPMorgan Chase & Co. priced $435,000 of 0% capped buffered return enhanced notes due Nov. 24, 2017 tied to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.2 times any gain in the fund, up to a maximum return of 22.25%.
Investors will receive par if the fund falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $435,000
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| Maturity: | Nov. 24, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.2 times any fund gain, up to a maximum return of 22.25%; par if the fund falls by up to 15%; 1% loss for each 1% decline beyond 15%
|
| Initial price: | $61.06
|
| Pricing date: | Nov. 19
|
| Settlement date: | Nov. 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48128GDF4
|
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