New Issue: JPMorgan prices $6.89 million buffered return enhanced notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 4 – JPMorgan Chase & Co. priced $6.89 million of 0% capped buffered return enhanced notes due Feb. 4, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.25 times the index return, up to a maximum return of 15.5%. Investors will receive par if the index falls by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped buffered return enhanced notes
Underlying stock:	S&P 500
Amount:	$6,891,000
Maturity:	Feb. 4, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.25 times any index gain, capped at 15.5%; par if index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
Initial index level:	1,930.67
Pricing date:	July 31
Settlement date:	Aug. 5
Agent:	J.P. Morgan Securities LLC
Fees:	0.05%
Cusip:	48127DVT2

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