Bond JPMorgan Chase 10% ( US48126D6M67 ) in USD

JPMorgan Chase

89.37 % ▲

United States

US48126D6M67 ( in USD )

10% per year ( payment 2 times a year)

31/08/2028

Prospectus brochure of the bond JP Morgan US48126D6M67 en USD 10%, maturity 31/08/2028

1 000 USD

30 000 000 USD

48126D6M6

03/09/2025 ( In 42 days )

JPMorgan Chase & Co. is a leading global financial services firm offering investment banking, asset and wealth management, and consumer and community banking services.

The Bond issued by JPMorgan Chase ( United States ) , in USD, with the ISIN code US48126D6M67, pays a coupon of 10% per year.
The coupons are paid 2 times per year and the Bond maturity is 31/08/2028

The Bond issued by JPMorgan Chase ( United States ) , in USD, with the ISIN code US48126D6M67, was rated NR by Moody's credit rating agency.

The Bond issued by JPMorgan Chase ( United States ) , in USD, with the ISIN code US48126D6M67, was rated NR by Standard & Poor's ( S&P ) credit rating agency.

http://www.sec.gov/Archives/edgar/data/19617/000089109213007495/e...
424B2 1 e55253_424b2.htm PRICING SUPPLEMENT NO. 1701
CALCULATION OF REGISTRATION FEE
Maximum Aggregate
Amount of
Title of Each Class of Securities Offered
Offering Price
Registration Fee
Notes
$30,000,000
$4092.00

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August 2013

Pricing Supplement No. 1701
Registration Statement No. 333-177923
Dated August 27, 2013
Filed pursuant to Rule 424(b)(2)
INTEREST RATE STRUCTURED INVESTMENTS
Fixed to Floating Rate Notes due August 31, 2028
Leveraged CMS Curve and S&P 500® Index Linked Notes
As further described below, interest wil accrue on the notes (i) in Year 1: at a rate of 10.00% per annum and (ii) in Years 2 to maturity: for each day that the closing value of the S&P 500® Index is
at or above the index reference level, at a variable rate per annum equal to 5 times the difference, if any, between the 30-Year Constant Maturity Swap Rate ("30CMS") and the 5-Year Constant
Maturity Swap Rate ("5CMS") as determined on the CMS reference determination date at the start of the related quarterly interest period; subject to the maximum interest rate of 10.00% per
annum for each floating interest period and the minimum interest rate of 0.00% per annum. The notes provide an above-market interest rate in Year 1; however, for each interest period in Years 2
to maturity, the notes wil not pay any interest with respect to the interest period if the CMS reference level is equal to or less than 0.00% on the related quarterly CMS reference determination
date. In addition, if on any calendar day the index closing value is less than the index reference level, interest wil accrue at a rate of 0.00% per annum for that day. Any payment on the notes is
subject to the credit risk of JPMorgan Chase & Co.
SUMMARY TERMS
Issuer:
JPMorgan Chase & Co.
Aggregate principal amount:
$30,000,000. We may increase the aggregate principal amount prior to the original issue date but are not required to do so.
Issue price:
At variable prices (see "Commissions and Issue Price" below)
Stated principal amount:
$1,000 per note
Pricing date:
August 27, 2013
Original issue date:
August 30, 2013 (3 business days after the pricing date), subject to the business day convention
Maturity date:
August 31, 2028, subject to the business day convention
Payment at maturity:
The payment at maturity per note wil be the stated principal amount plus accrued and unpaid interest, if any.
Interest:
In each case subject to the accrual period convention:
(i) from and including the original issue date to but excluding August 31, 2014: 10.00% per annum
(ii) from and including August 31, 2014 to but excluding the maturity date (the "floating interest rate period"):
For each interest period during the floating interest rate period, a variable rate per annum equal to the product of:
(a) leverage factor times the CMS reference level; subject to the minimum interest rate and the maximum interest rate; and
(b) N/ACT; where,
"N" = the total number of calendar days in the applicable interest period on which the index closing value is greater than or equal to the index reference
level (each such day, an "accrual day"); and
"ACT" = the total number of calendar days in the applicable interest period.
The CMS reference level applicable to an interest period wil be determined on the related CMS reference determination date.
Beginning August 31, 2014, it is possible that you could receive little or no interest on the notes. If, on the related CMS reference
determination date, the CMS reference level is equal to or less than the CMS reference strike, interest will accrue at a rate of 0.00% for that
interest period. In addition, if on any day, the index closing value is determined to be less than the index reference level, interest will accrue
at a rate of 0.00% per annum for that day. The determination of the index closing value will be subject to certain market disruption events.
Leverage factor:
5
Interest period:
Quarterly
Interest period end dates:
Interest payment date, provided that, notwithstanding the business day convention and solely for purposes of calculation of "N" and "ACT" above, the
interest payment dates wil be unadjusted.
Interest payment dates:
The last calendar day of February, May, August and November beginning November 30, 2013, subject to the business day convention and accrual period
convention described below and in the accompanying product supplement 1-I.
Interest reset dates:
The last calendar day of February, May, August and November beginning August 31, 2014
CMS reference determination
Two (2) U.S. government securities business days prior to the related interest reset date at the start of the applicable interest period.
date:
Maximum interest rate:
10.00% per annum in any quarterly interest period during the floating interest rate period
Minimum interest rate:
0.00% per annum
CMS reference level:
30CMS minus 5CMS, expressed as a percentage.
Please see "Additional Provisions--CMS Reference Level" below.
CMS reference strike:
0.00%
Index:
The S&P 500® Index
Index reference level:
896.764, which is 55.00% of the index closing value on August 27, 2013
Agent:
J.P. Morgan Securities LLC ("JPMS")
Calculation agent:
JPMS

Terms continued on the following page
Commissions and issue price:
Price to Public(1)(2)
Fees and Commissions(2)
Proceeds to Issuer
Per Note
At variable prices
$35.00
$965.00
Total
At variable prices
$1,050,000
$28,950,000
(1)
The notes will be offered from time to time in one or more negotiated transactions at varying prices to be determined at the time of each sale, which may be at market prices prevailing,
at prices related to such prevailing prices or at negotiated prices; provided, however, that such prices will not less be than $965.00 per note and not more than $1,000 per note. See
"Risk Factors--The Price You Pay For The Notes May Be Higher Than The Prices Paid By Other Investors."
(2)
JPMS or one of our affiliates will pay varying discounts and commissions to dealers, including Morgan Stanley Smith Barney LLC ("Morgan Stanley Wealth Management") and their
financial advisors, of up to $35 per note. See "Plan of Distribution (Conflicts of Interest)" beginning on page PS-42 of the accompanying product supplement no. 1-II.
Investing in the notes involves a number of risks. See "Risk Factors" on page US-1 of the accompanying underlying supplement no. 1-I, "Risk Factors" on page PS-14 of the
accompanying product supplement no. 1-II and "Risk Factors" beginning on page 9 of this pricing supplement.
Neither the Securities and Exchange Commission (the "SEC") nor any state securities commission has approved or disapproved of the notes or passed upon the accuracy or
the adequacy of this pricing supplement or the accompanying underlying supplement, product supplement, prospectus supplement and prospectus. Any representation to the
contrary is a criminal offense.
The estimated value of the notes as determined by J.P. Morgan Securities LLC, which we refer to as JPMS, when the terms of the notes were set was $871.80 per $1,000
principal amount note. See "JPMS's Estimated Value of the Notes" in this pricing supplement for additional information.
The notes are not bank deposits and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency, nor are they obligations of, or guaranteed
by, a bank.
YOU SHOULD READ THIS PRICING SUPPLEMENT TOGETHER WITH THE RELATED UNDERLYING SUPPLEMENT NO. 1-I, PRODUCT SUPPLEMENT NO. 1-II, PROSPECTUS SUPPLEMENT AND PROSPECTUS, EACH
OF WHICH CAN BE ACCESSED VIA THE HYPERLINKS BELOW, BEFORE YOU DECIDE TO INVEST.
Underlying supplement no. 1-I dated November 14, 2011: http://sec.gov/Archives/edgar/data/19617/000089109211007615/e46154_424b2.pdf
Product supplement no. 1-I dated April 5, 2013: http://www.sec.gov/Archives/edgar/data/19617/000089109213003066/e53030_424b2.pdf
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Prospectus supplement dated November 14, 2011: http://www.sec.gov/Archives/edgar/data/19617/000089109211007578/e46180_424b2.pdf
Prospectus dated November 14, 2011: http://www.sec.gov/Archives/edgar/data/19617/000089109211007568/e46179_424b2.pdf

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Leveraged CMS Curve and S&P 500® Index Linked Notes

Terms continued from previous page:
Index closing value:
The closing value of the index. Please see "Additional Provisions--The S&P 500® Index" below.
Index cutoff:
The index closing value for any day from and including the fifth index trading day prior to the related interest payment date for any interest period shall be
the index closing value on such fifth index trading day prior to such interest payment date.
Redemption:
None
Day-count convention:
Actual/Actual
Business day convention:
Following
Accrual period convention:
Unadjusted
Specified currency:
U.S. dollars
Listing
The notes wil not be listed on any securities exchange.
Denominations
$1,000 / $1,000
CUSIP / ISIN:
48126D6M6 / US48126D6M67
Book-entry or certificated note:
Book-entry
Business day:
New York

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The Notes
The notes offered are senior unsecured obligations of JPMorgan Chase & Co. In Year 1, the notes pay interest at a rate of 10.00% per annum. Beginning August 31,
2014, interest will accrue on the notes for each day that the closing value of the S&P 500® Index is at or above the index reference level, at a variable rate per annum
equal to 5 times the CMS reference level for the related quarterly interest period; subject to the maximum interest rate of 10.00% per annum per interest period and the
minimum interest rate of 0.00% per annum. The floating interest rate is based on the CMS reference level and the level of the S&P 500® Index. If 30CMS is less than or
equal to 5CMS on the applicable CMS reference determination date, the floating interest rate will be 0.00% and no interest will accrue on the notes for such interest
period. In addition, if on any calendar day during the interest period the index closing value is less than the index reference level, interest will accrue at a rate of 0.00%
per annum for that day. We describe the basic features of these notes in the sections of the accompanying prospectus called "Description of Debt Securities," the
accompanying prospectus supplement called "Description of Notes" and the accompanying product supplement no. 1-II called "Description of Notes," subject to and as
modified by the provisions described in this pricing supplement. All payments on the notes are subject to the credit risk of JPMorgan Chase & Co.
Additional Provisions
CMS Reference Level
What are the 30-Year Constant Maturity Swap Rate ("30CMS") and the 5-Year Constant Maturity Swap Rate ("5CMS")?
The 30CMS is the rate for U.S. dollar swap with a Designated Maturity of 30 years that appears on Reuters page "ISDAFIX1" (or any successor page) at approximately
11:00 a.m., New York City time, on any CMS reference determination date, as determined by the calculation agent.
The 5CMS is the rate for U.S. dollar swap with a Designated Maturity of 5 years that appears on Reuters page "ISDAFIX1" (or any successor page) at approximately
11:00 a.m., New York City time, on any CMS reference determination date, as determined by the calculation agent.
An interest rate swap rate, at any given time, generally indicates the fixed rate of interest (paid semi-annually) that a counterparty in the swaps market would have to
pay for a given maturity, in order to receive a floating rate (paid quarterly) equal to 3-month LIBOR for that same maturity.
CMS Reference Determination Date
Two (2) U.S. government securities business days prior to the related interest reset date at the start of the applicable interest period.
U.S. Government Securities Business Day
Any day, other than a Saturday, Sunday or a day on which the Securities Industry and Financial Markets Association ("SIFMA") recommends that the fixed income
departments of its members be closed for the entire day for purposes of trading in U.S. government securities.
CMS Rate Fallback Provisions
On any CMS reference determination date, if the 30CMS or the 5CMS cannot be determined by reference to Reuters page "ISDAFIX1" (or any successor page), then
the calculation agent will determine such affected rate for such day on the basis of the mid-market semi-annual swap rate quotations to the calculation agent provided
by five leading swap dealers in the New York City interbank market (the "Reference Banks") at approximately 11:00 a.m., New York City time, on such CMS reference
determination date, and, for this purpose, the mid-market semi-annual swap rate means the mean of the bid and offered rates for the semi-annual fixed leg, calculated
on a 30/360 day count basis, of a fixed-for-floating U.S. Dollar interest rate swap transaction with a term equal to the applicable 30 year or 5 year maturity commencing
on such CMS reference determination date and in a representative amount with an acknowledged dealer of good credit in the swap market, where the floating leg,
calculated on an actual/360 day count basis, is equivalent to USD-LIBOR-BBA with a designated maturity of three months. The calculation agent will request the
principal New York City office of each of the Reference Banks to provide a quotation of its rate.
August 2013
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If at least three quotations are provided, the rate for that day will be the arithmetic mean of the quotations, eliminating the highest quotation (or, in the event of equality,
one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest). If fewer than three quotations are provided as requested, the rate will be
determined by the calculation agent in good faith and in a commercially reasonable manner.
The S&P 500® Index
The S&P 500® Index, which is calculated, maintained and published by Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc.,
consists of 500 component stocks selected to provide a performance benchmark for the U.S. equity markets. The calculation of the S&P 500® Index is based on the
relative value of the float adjusted aggregate market capitalization of the 500 component companies as of a particular time as compared to the aggregate average
market capitalization of the 500 similar companies during the base period of the years 1941 through 1943. The S&P 500® Index is described under the heading "The
S&P 500® Index" in the accompanying underlying supplement no. 1-I.

Index Closing Value Fallback Provisions
The index closing value on any calendar day beginning August 31, 2014 on which the index level is to be determined (each, an "index determination date") will equal
the official closing value of the index as published by the index publisher or its successor, or in the case of any successor index, the official closing value for any such
successor index as published by the publisher of such successor index or its successor, at the regular weekday close of trading on that calendar day, as determined by
the calculation agent; provided that the index closing value for any day from and including the fifth index trading day prior to the related interest payment date for any
interest period shall be the index closing value in effect on such fifth index trading day prior to such interest payment date; provided further that if a market disruption
event with respect to the index occurs on any index determination date or if any such index determination date is not an index trading day, the closing value of the index
for such index determination date will be the closing value of the index on the immediately preceding index trading day on which no market disruption event has
occurred or is continuing. In certain circumstances, the index closing value shall be based on the alternate calculation of the index described under "General Terms of
the Notes--Discontinuance of an Equity Index; Alteration of Method of Calculation" in the accompanying product supplement no. 1-II.
"Index trading day" means a day, as determined by the calculation agent, on which trading is generally conducted on each of the relevant exchange(s) for the index,
other than a day on which trading on such exchange(s) is scheduled to close prior to the time of the posting of its regular final weekday closing price.
"Relevant exchange" means the primary exchange(s) or market(s) of trading for (i) any security then included in the index, or any successor index, and (ii) any futures
or options contracts related to the index or to any security then included in the index.
For more information regarding market disruption events with respect to the index, discontinuance of the index and alteration of the method of calculation, see "General
Terms of the Notes--Market Disruption Events" and "--Discontinuance of an Equity Index; Alteration of Method of Calculation" in the accompanying product
supplement no. 1-II.
August 2013
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Hypothetical Examples
The table below presents examples of hypothetical interest that would accrue on the notes during any quarter in the floating interest rate period. The examples below
are for purposes of illustration only. The examples of the hypothetical floating interest rate that would accrue on the notes are based both on the level of the CMS
reference level on the applicable CMS reference determination date and on the total number of calendar days in a quarterly interest period on which the index closing
value of the S&P 500® Index is greater than or equal to the index reference level.
The actual interest payments during the floating interest rate period will depend on the actual level of the CMS reference level on each CMS reference determination
date and the index closing value of the S&P 500® Index on each day during the floating interest period. The applicable interest rate for each quarterly interest period
will be determined on a per-annum basis but will apply only to that interest period. The table assumes that the interest period contains 90 calendar days. The examples
below are for purposes of illustration only and would provide different results if different assumptions were made.
Hypothetical Interest Rate
CMS
5 times CMS
Reference
Reference
Number of accrual days on which the index closing value of the S&P 500® Index
Level
Level
is greater than or equal to the index reference level
0
10
20
30
50
75
90
-2.600%
0.00%
0.00%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
-2.400%
0.00%
0.00%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
-2.200%
0.00%
0.00%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
-2.000%
0.00%
0.00%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
-1.800%
0.00%
0.00%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
-1.600%
0.00%
0.00%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
-1.400%
0.00%
0.00%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
-1.200%
0.00%
0.00%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
-1.000%
0.00%
0.00%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
-0.800%
0.00%
0.00%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
-0.600%
0.00%
0.00%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
-0.400%
0.00%
0.00%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
-0.200%
0.00%
0.00%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.000%
0.00%
0.00%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.200%
1.00%
0.00%
0.1111%
0.2222%
0.3333%
0.5556%
0.8333%
1.0000%
0.400%
2.00%
0.00%
0.2222%
0.4444%
0.6667%
1.1111%
1.6667%
2.0000%
0.600%
3.00%
0.00%
0.3333%
0.6667%
1.0000%
1.6667%
2.5000%
3.0000%
0.800%
4.00%
0.00%
0.4444%
0.8889%
1.3333%
2.2222%
3.3333%
4.0000%
1.000%
5.00%
0.00%
0.5556%
1.1111%
1.6667%
2.7778%
4.1667%
5.0000%
1.200%
6.00%
0.00%
0.6667%
1.3333%
2.0000%
3.3333%
5.0000%
6.0000%
1.400%
7.00%
0.00%
0.7778%
1.5556%
2.3333%
3.8889%
5.8333%
7.0000%
1.600%
8.00%
0.00%
0.8889%
1.7778%
2.6667%
4.4444%
6.6667%
8.0000%
1.750%
8.75%
0.00%
0.9722%
1.9444%
2.9167%
4.8611%
7.2917%
8.7500%
1.800%
9.00%
0.00%
1.0000%
2.0000%
3.0000%
5.0000%
7.5000%
9.0000%
2.000%
10.00%
0.00%
1.1111%
2.2222%
3.3333%
5.5556%
8.3333%
10.0000%
2.200%
10.00%
0.00%
1.1111%
2.2222%
3.3333%
5.5556%
8.3333%
10.0000%
2.400%
10.00%
0.00%
1.1111%
2.2222%
3.3333%
5.5556%
8.3333%
10.0000%
2.600%
10.00%
0.00%
1.1111%
2.2222%
3.3333%
5.5556%
8.3333%
10.0000%
2.800%
10.00%
0.00%
1.1111%
2.2222%
3.3333%
5.5556%
8.3333%
10.0000%
3.000%
10.00%
0.00%
1.1111%
2.2222%
3.3333%
5.5556%
8.3333%
10.0000%

If 30CMS is less than or equal to 5CMS on the applicable CMS reference determination date, the floating interest rate will be the minimum interest rate of 0.00% and
no interest will accrue on the notes for such interest period regardless of the total number of calendar days in the interest period on which the index closing value of the
S&P 500® Index is greater than or equal to the index reference level.
August 2013
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Leveraged CMS Curve and S&P 500® Index Linked Notes
Historical Information
The CMS Reference Level
The following graph sets forth the historical difference between the 30CMS and the 5CMS for the period from January 1, 1998 to August 27, 2013 (the "historical
period"). The historical difference between the 30CMS and the 5CMS should not be taken as an indication of the future performance of the CMS reference level. The
graph below does not reflect the return the notes would have had during the periods presented because it does not take into account the index closing values or the
leverage factor. We cannot give you any assurance that the level of the CMS reference level will be positive on any CMS reference determination date. We obtained
the information in the graph below, without independent verification, from Bloomberg Financial Markets.
*The bold line in the graph indicates the CMS reference strike of 0.00%.
Historical period

Total number of days in historical period
4,084
Number of days CMS reference level was greater than 0.00%
4,052
Number of days CMS reference level was less than or equal to 0.00%
32
The historical performance shown above is not indicative of future performance. The CMS reference level may be negative on one or more specific CMS reference
determination dates during the floating interest rate period even if the level of the CMS reference level is generally positive and, moreover, the level of the CMS
reference level has in the past been, and may in the future be, negative.
If the level of the CMS reference level is negative on any CMS reference determination date during the floating interest rate period, you will not receive
any interest for the related interest period. Moreover, even if the level of the CMS reference level is positive on any such CMS reference determination
date, if the index closing value is less than the index reference level on any day during the interest period, you will not receive any interest with
respect to such day, and if the index closing value remains below the index reference level for each day in the applicable interest period, you will
receive no interest for that interest period.
August 2013
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Leveraged CMS Curve and S&P 500® Index Linked Notes
The S&P 500® Index
The following table sets forth the published high and low index closing values, as well as end-of-quarter index closing values, for each quarter in the period from
January 2, 2008 through August 27, 2013. The graph following the table sets forth the daily index closing values for the period from January 2, 1998 through August
27, 2013. The index closing value on August 27, 2013 was 1,630.48. The historical index closing values should not be taken as an indication of future performance,
and we cannot give you any assurance that the index closing value will be higher than the index reference level on any index determination date during the floating
interest rate period in which you are paid the floating interest rate. The graph below does not reflect the return the notes would have had during the periods presented
because it does not take into account the CMS reference level or the leverage factor. We obtained the information in the table and graph below from Bloomberg
Financial Markets, without independent verification.
S&P 500® Index
High
Low
Period End
2008

First Quarter
1,447.16
1,273.37
1,322.70
Second Quarter
1,426.63
1,278.38
1,280.00
Third Quarter
1,305.32
1,106.39
1,166.36
Fourth Quarter
1,161.06
752.44
903.25
2009

First Quarter
934.70
676.53
797.87
Second Quarter
946.21
811.08
919.32
Third Quarter
1,071.66
879.13
1,057.08
Fourth Quarter
1,127.78
1,025.21
1,115.10
2010

First Quarter
1,174.17
1,056.74
1,169.43
Second Quarter
1,217.28
1,030.71
1,030.71
Third Quarter
1,148.67
1,022.58
1,141.20
Fourth Quarter
1,259.78
1,137.03
1,257.64
2011

First Quarter
1,343.01
1,256.88
1,325.83
Second Quarter
1,363.61
1,265.42
1,320.64
Third Quarter
1,353.22
1,119.46
1,131.42
Fourth Quarter
1,285.09
1,099.23
1,257.60
2012

First Quarter
1,416.51
1,277.06
1,408.47
Second Quarter
1,419.04
1,278.04
1,362.16
Third Quarter
1,465.77
1,334.76
1,440.67
Fourth Quarter
1,461.40
1,353.33
1,426.19
2013

First Quarter
1,569.19
1,457.15
1,569.19
Second Quarter
1,669.16
1,541.61
1,606.28
Third Quarter (through August 27, 2013)
1,709.67
1,614.08
1,630.48
August 2013
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8/30/2013 10:23 AM

http://www.sec.gov/Archives/edgar/data/19617/000089109213007495/e...
Fixed to Floating Rate Notes due August 31, 2028
Leveraged CMS Curve and S&P 500® Index Linked Notes

*The bold line in the graph indicates the index reference level of 896.764 (55% of the S&P 500® Closing Level on August 14, 2013 of 1,630.48)

Historical period

Total number of days in the historical period, beginning on February 6, 1998**
3,940
Number of days on or after February 6, 1998 that the index was greater than
or equal to 896.764 (55% of the index closing level on 8/27/2013)
3,690
Number of days on or after February 6, 1998 that the index was less than
896.764 (55% of the index closing level on 8/27/2013)
250

** From the inception of the S&P 500® Index until July 16, 1998, its closing value was less than 896.764
August 2013
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