New Issue: JPMorgan prices $725,000 capped contingent buffered notes on S&P 500

By Susanna Moon

Chicago, Oct. 2 – JPMorgan Chase & Co. priced $725,000 of 0% contingent buffered equity notes due Sept. 30, 2020 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus the greater of any index gain and a contingent minimum return of 42%.

If the index falls by up to 30%, the payout will be par.

Otherwise, the payout will be par plus the return, with full exposure to any losses.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Contingent buffered equity notes
Underlying index:	S&P 500
Amount:	$725,000
Maturity:	Sept. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus any return, floor of 42%; if index falls by up to 30%, par; otherwise, par plus the return, with full exposure to any losses
Initial level:	1,931.34
Contingent buffer:	30%
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	J.P. Morgan Securities LLC
Fees:	0.6%
Cusip:	48125U4S8

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