By Angela McDaniels
Tacoma, Wash., Feb. 26 – JPMorgan Chase & Co. priced $4.25 million of 0% capped buffered return enhanced notes due Feb. 28, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus two times the ETF return, up to a maximum return of 22%. Investors will receive par if the ETF declines by 10% or less and will lose 1% for every 1% that the ETF declines 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 ETF: | iShares MSCI EAFE ETF
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Amount: | $4.25 million
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Maturity: | Feb. 28, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus two times any ETF gain, capped at 22%; par if ETF declines by 10% or less; 1% loss for every 1% that ETF declines beyond 10%
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Initial share price: | $53.45
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Pricing date: | Feb. 24
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Settlement date: | Feb. 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.26918%
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Cusip: | 48128GLK4
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