New Issue: JPMorgan prices $848,000 dual directional contingent buffered notes on S&P, Russell

By Marisa Wong

Morgantown, W.Va., Jan. 29 – JPMorgan Chase & Co. priced $848,000 of dual directional contingent buffered return enhanced notes due Jan. 31, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout at maturity will be par plus 1.25 times the gain of the worse performing index.

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

If either index falls by more than 30%, investors will be fully exposed to the loss 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
Amount:	$848,000
Maturity:	Jan. 31, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 1.25 times gain of the worse performing index; if either 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:	1,903.63 for S&P 500 and 1,017.974 for Russell 2000
Contingent buffer:	30%
Pricing date:	Jan. 26
Settlement date:	Jan. 29
Agent:	J.P. Morgan Securities LLC
Fees:	0.52241%
Cusip:	48128GHL7

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