New Issue: JPMorgan prices $1.73 million dual directional contingent buffered notes on energy fund

By Susanna Moon

Chicago, Jan. 9 – JPMorgan Chase & Co. priced $1.73 million of 0% capped dual directional contingent buffered enhanced notes due Jan. 12, 2017 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes above the initial level, the payout at maturity will be par plus double the fund return, up to a maximum return of 37.4%.

If the fund falls by up to 15%, the payout will be par plus 50% of the absolute value of the fund return, for a maximum return of 7.5%.

Otherwise, investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped dual directional contingent buffered enhanced notes
Underlying fund:	Energy Select Sector SPDR fund
Amount:	$1,725,000
Maturity:	Jan. 12, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 200% of fund return, capped at 37.4%; if fund falls by up to 15%, par plus 50% of absolute value of fund return, capped at 7.5%; otherwise, full exposure to any losses
Initial level:	$75.28
Contingent buffer:	15%
Pricing date:	Jan. 7
Settlement date:	Jan. 12
Agent:	J.P. Morgan Securities LLC
Fees:	0.4%
Cusip:	48127D5M6

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