New Issue: JPMorgan sells $674,000 capped dual directional contingent buffered notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 30 – JPMorgan Chase & Co. priced $674,000 of 0% capped dual directional contingent buffered return enhanced notes due March 31, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.2 times any index gain, up to a cap of 50%.

If the index falls by up to 35%, the payout will be par plus the absolute value of the index return. If the index falls by more than 35%, investors will be fully exposed to the index 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:	$674,000
Maturity:	March 31, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.2 times any index gain, capped at 50%; par if index falls by up to 35%; full exposure to loss if index falls beyond 35%
Initial level:	2,037.05
Contingent buffer:	35%
Pricing date:	March 28
Settlement date:	March 31
Agent:	J.P. Morgan Securities LLC
Fees:	0.35041%
Cusip:	48128GQJ2

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