New Issue: JPMorgan prices $1.4 million dual directional contingent buffered notes on S&P 500

By Susanna Moon

Chicago, Feb. 23 – JPMorgan Chase & Co. priced $1.4 million of dual directional contingent buffered return enhanced notes due Feb. 22, 2019 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 1.5 times the gain, up to a maximum return of 35%.

If the index falls by up to 20%, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed 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:	$1,395,000
Maturity:	Feb. 22, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 1.5 times return, capped at 35%; if index falls by up to 20%, par plus absolute value of return; otherwise, par plus the return, with full exposure to any losses
Initial level:	1,917.78
Contingent buffer:	20%
Pricing date:	Feb. 19
Settlement date:	Feb. 26
Agent:	J.P. Morgan Securities LLC
Fees:	2.5%
Cusip:	48128GLF5

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