New Issue: JPMorgan prices $6.75 million digital dual directional notes linked to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, April 29 – JPMorgan Chase & Co. priced $6.75 million of 0% digital dual directional contingent buffered notes due May 1, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the final value of each index is greater than or equal to its initial level or has declined from its initial level by no more than 20%, the payout at maturity will be par plus the digital return of 28.185%.

If the final level of either index is less than the initial index level by more than 20%, investors will lose 1% for every 1% that the index level of the worst performing index is less than its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Digital dual directional contingent buffered notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$6.75 million
Maturity:	May 1, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If final value of each index is at least 80% of initial level, par plus 28.185%; otherwise, full exposure to loss of least performing index
Initial level:	2,091.70 for S&P, 1,150.728 for Russell
Pricing date:	April 26
Settlement date:	April 29
Agent:	J.P. Morgan Securities LLC
Fees:	2.5%
Cusip:	48128GWK2

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