New Issue: JPMorgan prices $2.53 million capped buffered enhanced notes linked to S&P 500

By Susanna Moon

Chicago, Jan. 22 - JPMorgan Chase & Co. priced $2.53 million of 0% capped buffered enhanced participation equity notes due Jan. 22, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of $1,131.25 per $1,000 principal amount.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped buffered enhanced participation equity notes
Underlying index:	S&P 500
Amount:	$2,533,000
Maturity:	Jan. 22, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any gain in the index, capped at 13.125%; par if index declines by up to 10%; 1.1111% loss for every 1% decline beyond 10%
Initial level:	1,838.70
Pricing date:	Jan. 17
Settlement date:	Jan. 27
Agent:	J.P. Morgan Securities LLC
Fees:	2%
Cusip:	48126NV61

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