New Issue: JPMorgan prices $684,000 buffered return enhanced notes linked to S&P, Russell

By Tali Rackner

Norfolk, Va., May 9 – JPMorgan Chase & Co. priced $684,000 of 0% uncapped contingent buffered return enhanced notes due April 30, 2021 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 each index finishes above its initial level, the payout at maturity will be par plus 1.65 times the lesser performing index.

Investors will receive par if either index falls by up to its 50% contingent buffer amount and will be fully exposed to the losses of the least-performing index beyond the buffer.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Uncapped contingent buffered return enhanced notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$684,000
Maturity:	April 30, 2021
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 1.65 times gain of lesser-performing index; par if either index declines by up to 50%; full exposure to losses of least-performing index
Initial values:	2,091.70 for S&P, 1,150.728 for Russell
Pricing date:	April 26
Settlement date:	April 29
Agent:	J.P. Morgan Securities LLC
Fees:	0.059211%
Cusip:	48128GSP6

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