JPMorgan plans buffered enhanced participation notes linked to S&P 500

By Toni Weeks

San Luis Obispo, Calif., March 12 – JPMorgan Chase & Co. plans to price 0% capped buffered enhanced participation equity notes due March 23, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum payout of $1,147.00 to $1,172.50 for each $1,000 principal amount of notes. The exact maximum payout will be set at pricing. Investors will receive par if the index falls by 10% or less and will lose 1.1111% for each 1% that it declines beyond 10%.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price March 18 and settle March 25.

The Cusip number is 48125UHR6.

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