New Issue: JPMorgan prices $2.98 million dual directional contingent buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Feb. 26 – JPMorgan Chase & Co. priced $2.98 million of 0% capped dual directional contingent buffered return enhanced notes due Feb. 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 the initial index level, the payout at maturity will be par plus 1.2 times the index return, subject to a maximum return of 62%. If the index declines by up to 30%, the payout will be par plus the absolute value of the index return. If the index declines by more than 30%, investors will be fully exposed to the decline.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped dual directional contingent buffered return enhanced notes
Underlying index:	S&P 500
Amount:	$2,977,000
Maturity:	Feb. 28, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 1.2 times return, up to 62% maximum return; if index falls by up to 30%, par plus absolute value of index return; otherwise, full exposure to index’s decline
Initial level:	1,929.80
Pricing date:	Feb. 24
Settlement date:	Feb. 29
Agent:	J.P. Morgan Securities LLC
Fees:	0.54703%
Cusip:	48128GMB3

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