By Susanna Moon
Chicago, Jan. 21 – JPMorgan Chase & Co. priced $4.5 million of 0% capped buffered return enhanced notes due Jan. 19, 2018 linked to the S&P GSCI Crude Oil Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any gain in the index, up to a maximum return of 50%.
Investors will receive par if the index 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.
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| Issue: | Capped buffered return enhanced notes
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| Underlying index: | S&P GSCI Crude Oil Index Excess
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| Amount: | $4.5 million
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| Maturity: | Jan. 19, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any index gain, capped at 50%; par if the index falls by up to 10%; exposure to any losses beyond 10%
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| Initial level: | 127.2347
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| Pricing date: | Jan. 15
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| Settlement date: | Jan. 21
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.05%
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| Cusip: | 48128GKN9
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