New Issue: JPMorgan prices $2.9 million trigger digital optimization notes linked to Russell, S&P

By Angela McDaniels

Tacoma, Wash., Jan. 14 – JPMorgan Chase & Co. priced $2.9 million of 0% trigger digital optimization securities due Jan. 10, 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 or equal to its trigger level, 58.25% of its initial level, the payout at maturity will be par plus 15%. If the final level of either index is less than its trigger level, investors will be fully exposed to the decline of the lesser-performing index.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

Issuer:	JPMorgan Chase & Co.
Issue:	Trigger digital optimization securities
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$2.9 million
Maturity:	Jan. 10, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final level of each index is greater than or equal to trigger level, par plus 15%; if final level of either index is less than trigger level, full exposure to decline of lesser-performing index
Initial index levels:	2,012.66 for S&P 500 and 1,108.624 for Russell 2000
Trigger levels:	1,172.37 for S&P 500 and 645.773 for Russell 2000; 58.25% of initial levels
Pricing date:	Jan. 6
Settlement date:	Jan. 11
Agents:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	2.5%
Cusip:	48128A517

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