New Issue: JPMorgan prices $462,000 dual directional contingent buffered notes on S&P 500

By Marisa Wong

Morgantown, W.Va., Sept. 1 – JPMorgan Chase & Co. priced $462,000 of 0% capped dual directional contingent buffered equity notes due Aug. 30, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.1 times any index gain, subject to a maximum return of 50%.

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

If the index falls by more than 30%, investors will be fully exposed to the index decline.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped dual directional contingent buffered equity notes
Underlying index:	S&P 500
Amount:	$462,000
Maturity:	Aug. 30, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.1 times any index gain, capped at 50%; if index falls by up to 30%, par plus the absolute value of the index return; if index falls by more than 30%, full exposure to the index decline
Initial index level:	1,940.51
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	J.P. Morgan Securities LLC
Fees:	0.63636%
Cusip:	48125UG63

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