New Issue: JPMorgan prices $100,000 dual directional contingent buffered notes linked to S&P

By Susanna Moon

Chicago, Oct. 2 – JPMorgan Chase & Co. priced $100,000 of 0% dual directional contingent buffered return enhanced notes due Sept. 30, 2020 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 1.15 times the gain, up to a maximum return of 56.5%.

If the index falls by up to 35%, the payout will be par plus the absolute value of the return.

Otherwise, the payout will be par plus the return, with full exposure to any losses.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Dual directional contingent buffered return enhanced notes
Underlying index:	S&P 500 index
Amount:	$100,000
Maturity:	Sept. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 1.15 times the return, capped at 56.5%; if index falls by up to 35%, par plus absolute value of return; otherwise, par plus the return, with full exposure to any losses
Initial level:	1,931.34
Contingent buffer:	35%
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	J.P. Morgan Securities LLC
Fees:	3.63%
Cusip:	48125UW81

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