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Published on 1/28/2016 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $1.37 million dual directional contingent buffered notes on S&P 500

By Marisa Wong

Morgantown, W.Va., Jan. 28 – JPMorgan Chase & Co. priced $1.37 million of 0% capped dual directional contingent buffered return enhanced notes due Jan. 31, 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 1.2 times the index gain, up to a maximum return of 60%.

If the index falls by up to 30%, the payout will be par plus the absolute value of the return.

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:Capped dual directional contingent buffered return enhanced notes
Underlying index:S&P 500
Amount:$1,372,000
Maturity:Jan. 31, 2020
Coupon:0%
Price:Par
Payout at maturity:If index gains, par plus 1.2 times the return, capped at 60%; if index falls by up to 30%, par plus absolute value of return; otherwise, par plus the return, with full exposure to any losses
Initial level:1,903.63
Contingent buffer:30%
Pricing date:Jan. 26
Settlement date:Jan. 29
Agent:J.P. Morgan Securities LLC
Fees:0.65138%
Cusip:48128GHJ2

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