New Issue: JPMorgan prices $2.28 million digital dual directional contingent buffered notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Feb. 18 – JPMorgan Chase & Co. priced $2.28 million of 0% digital dual directional contingent buffered notes due March 1, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 75% barrier level, the payout at maturity will be par plus the 7.02% contingent digital return.

If the index falls more than the 25% contingent buffer, investors will be fully exposed to the loss.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Digital dual directional contingent buffered notes
Underlying index:	S&P 500
Amount:	$2,275,000
Maturity:	March 1, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or falls by up to 25%, par plus 7.02%; otherwise full exposure to the loss
Initial level:	1,864.78
Contingent buffer:	25%
Pricing date:	Feb. 12
Settlement date:	Feb. 18
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48128GNL0

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