New Issue: JPMorgan prices $2.43 million jump securities linked to Dow, S&P 500

By Tali Rackner

Norfolk, Va., March 28 – JPMorgan Chase & Co. priced $2.43 million of 0% jump securities due Oct. 4, 2017 linked to worse performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial index level, the payout at maturity will be par plus the upside payment of 18.75%.

Otherwise, investors will be exposed to any losses of the worse performing index.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:	JPMorgan Chase & Co.
Issue:	Jump securities
Underlying indexes:	Dow Jones industrial average, S&P 500 index
Amount:	$2.43 million
Maturity:	Oct. 4, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If each index gains, par plus 18.75%; if either index falls, full exposure to any losses of worst-performing index
Initial levels:	17,502.59 for Dow, 2,036.71 for S&P
Pricing date:	March 23
Settlement date:	March 29
Agent:	J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
Fees:	2.25%
Cusip:	48128B820

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