New Issue: JPMorgan prices $1.61 million capped buffered return enhanced notes on iShares MSCI EM

By Jennifer Chiou

New York, July 30 – JPMorgan Chase & Co. priced $1,606,000 of 0% capped buffered return enhanced notes due July 29, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange.

The payout at maturity will be par plus 1.75 times any gain in the fund, up to a maximum return of 18%.

Investors will receive par if the fund falls by up to 10% and will be exposed to any losses beyond 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped buffered return enhanced notes
Underlying fund:	iShares MSCI Emerging Markets ETF
Amount:	$1,606,000
Maturity:	July 29, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.75 times any gain in the fund, capped at 18%; par for losses up to 10%; exposure to any losses beyond 10%
Initial level:	$45.09
Pricing date:	July 28
Settlement date:	July 31
Agent:	J.P. Morgan Securities LLC
Fees:	0.15551%
Cusip:	48127DRK6

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