By Devika Patel
Knoxville, Tenn., April 26 – JPMorgan Chase & Co. priced $1.91 million of 0% buffered return enhanced notes due Oct. 25, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 125% of any index gain.
Investors will receive par if the index falls by up to 18.65% and will lose 1% for each 1% decline beyond 18.65%.
The index’s final level will be the average of its closing levels on the five trading days ending Oct. 20, 2017.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Buffered return enhanced notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,908,000
|
| Maturity: | Oct. 25, 2017
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 125% of any index gain; par if index declines by 18.65% or less; exposure to losses beyond 18.65%
|
| Initial level: | 3,141.12
|
| Final level: | Average of index closing levels on the five trading days ending Oct. 20, 2017
|
| Pricing date: | April 22
|
| Settlement date: | April 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48128GWP1
|
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