New Issue: JPMorgan prices $399,000 contingent buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 25 – JPMorgan Chase & Co. priced $399,000 of 0% uncapped contingent buffered equity notes due Sept. 28, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the greater of the index return and 32.5%. If the final index level is less than the initial index level by up to 30%, the payout will be par. If the final index level is less than the initial index level by more than 30%, investors will lose 1% for every 1% that the final index level is below the initial index level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Uncapped contingent buffered equity notes
Underlying index:	S&P 500
Amount:	$399,000
Maturity:	Sept. 28, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial index level, par plus greater of index return and 32.5%; if final index level is less than initial index level by up to 30%, par; if final index level is less than initial index level by more than 30%, full exposure to decline
Initial index level:	1,938.76
Pricing date:	Sept. 23
Settlement date:	Sept. 28
Agent:	J.P. Morgan Securities LLC
Fees:	3.1%
Cusip:	48125U3X8

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