JPMorgan plans buffered return enhanced notes tied to financial fund

By Angela McDaniels

Tacoma, Wash., June 26 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due July 2, 2019 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

If the final share price is greater than the initial share price, the payout at maturity will be par plus 1.5 times the ETF return, subject to a maximum return that is expected to be at least 15.75% and will be set at pricing. Investors will receive par if the ETF declines by 15% or less and will lose 1% for every 1% that it may decline beyond 15%.

J.P. Morgan Securities LLC is the agent.

The notes will price June 27.

The Cusip number is 46647MB93.

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