By Wendy Van Sickle
Columbus, Ohio, March 30 – JPMorgan Chase & Co. priced $737,000 of 0% dual directional contingent buffered return enhanced notes due March 29, 2019 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 both indexes gain, the payout at maturity will be par plus 1.25 times the gain of the lesser performing index.
If either index falls by up to the 30% contingent buffer, the payout will be par plus the absolute value of the lesser index return.
If either index falls by more than the contingent buffer, investors will be fully exposed 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 and Russell 2000
|
| Amount: | $737,000
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| Maturity: | March 29, 2019
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If both indexes gain, par plus 1.25 times worse index’s gain; par plus absolute value of worse performing index if either index falls but neither by more than 30%; full exposure to loss if either index falls beyond 30%
|
| Initial level: | 2,037.05 for S&P, 1,080.231 for Russell
|
| Contingent buffer: | 30%
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.65672 %
|
| Cusip: | 48128GQK9
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