New Issue: JPMorgan sells $1.16 million dual directional contingent buffered notes tied to indexes

By Susanna Moon

Chicago, Dec. 29 – JPMorgan Chase & Co. priced $1.16 million of 0% dual directional contingent buffered return enhanced notes due Dec. 31, 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 1.2 times the gain of the worse performing index.

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:	$1,157,000
Maturity:	Dec. 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 1.2 times the return of the worse performing index; 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:	2,064.29 for S&P, 1,152.817 for Russell
Contingent buffer:	30%
Pricing date:	Dec. 23
Settlement date:	Dec. 31
Agent:	J.P. Morgan Securities LLC
Fees:	0.5672%
Cusip:	48128GEX4

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