By Susanna Moon
Chicago, July 9 – JPMorgan Chase & Co. priced $3.3 million of 0% capped buffered return enhanced notes due July 12, 2017 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the fund, up to a maximum return of 20.5%.
Investors will receive par if the fund falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.
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 fund: | SPDR S&P Regional Banking ETF
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| Amount: | $3,303,000
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| Maturity: | July 12, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus triple any fund gain, capped at 20.5%; par if fund falls by up to 15%; 1.1765% loss for each 1% decline beyond 15%
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| Initial price: | $43.33
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| Barrier level: | 85% of initial level
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| Pricing date: | July 7
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| Settlement date: | July 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.25%
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| Cusip: | 48125UZP0
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