JPMorgan plans capped contingent buffered notes tied to JPX-Nikkei 400

By Tali Rackner

Norfolk, Va., Oct. 13 – JPMorgan Chase & Co. plans to price capped contingent buffered equity notes due Nov. 2, 2016 linked to the JPX-Nikkei 400 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, up to a maximum return of 15.97%.

Investors will receive par if the index falls by up to 15% and will be fully exposed to any loses if the index falls by more than the 15% contingent buffer.

The final index level will be the average of the closing index levels on the five trading days ending Oct. 28, 2016.

J.P. Morgan Securities LLC is the agent.

The notes will price Oct. 16 and settle Oct. 21.

The Cusip number is 48128GAP5.

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