By Angela McDaniels
Tacoma, Wash., July 30 – JPMorgan Chase & Co. priced $223,000 of 0% dual directional contingent buffered return enhanced notes due July 31, 2019 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final 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 the final level of either index is equal to its initial level or less than its initial level by up to 32.5%, the payout will be par plus the absolute value of the lesser-performing index’s return.
If the final level of either index is less than its initial level by more than 32.5%, investors will lose 1% for every 1% that the lesser-performing index’s final level is less than its initial level.
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: | $223,000
|
| Maturity: | July 31, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of each index is greater than initial level, par plus 1.1 times return of lesser-performing index; if final level of either index is equal to initial level or less than initial level by up to 32.5%, par plus absolute value of lesser-performing index’s return; if final level of either index is less than initial level by more than 32.5%, 1% loss for every 1% that lesser-performing index’s final level is less than initial level
|
| Initial index levels: | 2,093.25 for S&P 500 and 1,224.599 for Russell 2000
|
| Pricing date: | July 28
|
| Settlement date: | July 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.375%
|
| Cusip: | 48125UYU0
|
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