New Issue: JPMorgan prices $563,000 contingent interest notes linked to S&P 500, Russell 2000

By Toni Weeks

San Luis Obispo, Calif., April 29 – JPMorgan Chase & Co. priced $563,000 of contingent interest notes due April 30, 2020 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

Each quarter, the notes pay a contingent coupon at an annualized rate of 5% if each index closes at or above its barrier level, 60% of its initial level, on the review date for that quarter.

If the notes have not been called, the payout at maturity will be par unless either index finishes below its barrier level, in which case 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:	Contingent interest notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$563,000
Maturity:	April 30, 2020
Coupon:	5% per year, payable quarterly if each index closes at or above barrier level that quarter
Price:	Par
Payout at maturity:	Par plus contingent coupon unless either index finishes below barrier level, in which case par plus return of lesser-performing index
Initial levels:	2,108.92 for S&P and 1,252.7 for Russell
Barrier levels:	1,265.352 for S&P and 751.62 for Russell, 60% of initial levels
Pricing date:	April 27
Settlement date:	April 30
Agent:	J.P. Morgan Securities LLC
Fees:	3.75%
Cusip:	48125UPF3

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