New Issue: JPMorgan prices $8.62 million contingent buffered notes tied to indexes

By Susanna Moon

Chicago, Aug. 18 – JPMorgan Chase & Co. priced $8.62 million of 0% contingent buffered return enhanced notes due Aug. 17, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout at maturity will be par plus 1.75 times the gain of the worse performing index, up to a maximum return of 52.01%.

If either index falls but each index falls by no more than the 30% contingent buffer, the payout will be par.

Otherwise, the payout will be par plus the return of the worse performing index, with full exposure to any losses.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped contingent buffered return enhanced notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$8,623,000
Maturity:	Aug. 17, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 1.75 times any return of the worse performing index, capped at 52.01%; if either index falls by up to 30%, par; otherwise, par plus the return of the worse performing index, with full exposure to any losses
Initial levels:	2,091.54 for S&P and 1,212.688 for Russell
Contingent buffer:	30%
Pricing date:	Aug. 14
Settlement date:	Aug. 19
Agent:	J.P. Morgan Securities LLC
Fees:	2.5%
Cusip:	48125UH88

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