JPMorgan plans capped return enhanced notes tied to Brent crude oil

By Marisa Wong

Madison, Wis., July 29 – JPMorgan Chase & Co. plans to price 0% capped return enhanced notes due Sept. 11, 2015 linked to the front-month Brent crude oil futures contract, according to an FWP filing with the Securities and Exchange Commission.

If the futures contract price finishes above the initial price, the payout at maturity will be par plus double the contract return, subject to a maximum return of at least 13%. The exact cap will be set at pricing.

Investors will fully exposed to any decline in the contract price.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 8 and settle on Aug. 13.

The Cusip number is 48127DUV8.

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