By Angela McDaniels
Tacoma, Wash., Dec. 11 – JPMorgan Chase & Co. priced $924,000 of 0% dual directional contingent buffered return enhanced notes due Nov. 30, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 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 1.15 times the return of the lesser-performing index.
If the final level of either index is equal to its initial level or is less than its initial level by up to 30%, 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 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: | $924,000
|
| Maturity: | Nov. 30, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus 1.15 times return of lesser-performing index; if either index is flat or falls by up to 30%, par plus absolute value of lesser-performing index’s return; if either index falls by more than 30%, full exposure to decline of lesser-performing index
|
| Initial levels: | 2,089.14 for S&P 500 and 1,188.814 for Russell 2000
|
| Pricing date: | Nov. 24
|
| Settlement date: | Nov. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.50514%
|
| Cusip: | 48128GBZ2
|
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