New Issue: JPMorgan prices $991,000 dual directional contingent buffered notes tied to indexes

By Susanna Moon

Chicago, Oct. 2 – JPMorgan Chase & Co. priced $991,000 of 0% dual directional contingent buffered return enhanced notes due Sept. 28, 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 1.264 times the gain of the worse performing index, up to a maximum return of 30%.

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

Otherwise, the payout will be par plus the return, with full exposure to any losses of the worse 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 index and Russell 2000 index
Amount:	$991,000
Maturity:	Sept. 28, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 1.264 times the return of the worse performing index, capped at 30%; if each index falls by up to 30%, par plus absolute value of return of the worse performing index; otherwise, par plus the return, with full exposure to any losses of the worse performing index
Initial levels:	1,931.34 for S&P and 1,122.789 for Russell
Contingent buffer:	30%
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	J.P. Morgan Securities LLC
Fees:	0.53724%
Cusip:	48125UX31

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