JPMorgan eyes capped buffered return enhanced notes tied to S&P 500

By Sarah Lizee

Olympia, Wash., Jan. 7 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due March 11, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus two times the index return, subject to a maximum return that is expected to be 8% and will be set at pricing. Investors will receive par if the index declines by 12.5% or less and will lose 1% for every 1% that it declines beyond 12.5%.

The notes will be guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

The notes will price Jan. 8.

The Cusip number is 48132HRN4.

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