New Issue: JPMorgan prices $520,000 knock-out notes linked to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., Oct. 24 – JPMorgan Chase & Co. priced $520,000 of 0% knock-out buffered return enhanced notes due Oct. 26, 2017 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 135% of the return of the lesser-performing index.

If either index finishes below its initial level but neither index has declined by more than 40%, the payout will be par.

If either index declines by more than 40%, investors will be fully exposed to the decline of the lesser-performing index.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Knock-out buffered return enhanced notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$520,000
Maturity:	Oct. 26, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above initial level, par plus 135% of return of lesser-performing index; if either index finishes below initial level but neither has declined by more than 40%, par; if either index declines by more than 40%, full exposure to decline of lesser-performing index
Initial levels:	1,927.11 for S&P 500 and 1,096.872 for Russell 2000
Pricing date:	Oct. 22
Settlement date:	Oct. 27
Agent:	J.P. Morgan Securities LLC
Fees:	0.4%, all of which will be used for selling concessions
Cusip:	48127DN61

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