New Issue: JPMorgan sells $3.71 million dual directional contingent buffered notes on two indexes

By Toni Weeks

San Luis Obispo, Calif., April 29 – JPMorgan Chase & Co. priced $3.71 million of 0% dual directional contingent buffered return enhanced notes due April 30, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level of each index is greater than its initial level, the payout at maturity will be par plus 1.1 times the return of the lesser-performing index.

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

If either index falls by more than 30%, 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:	Dual directional contingent buffered return enhanced notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$3,707,000
Maturity:	April 30, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return of each index is positive, par plus 1.1 times return of lesser-performing index; if either index falls by up to 30%, par plus absolute value of return of lesser-performing index; otherwise, full exposure to decline of lesser-performing index
Initial levels:	2,108.92 for S&P 500, 1,252.7 for Russell 2000
Buffer amount:	30%
Pricing date:	April 27
Settlement date:	April 30
Agent:	J.P. Morgan Securities LLC
Fees:	0.44152%
Cusip:	48125UNN8

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