JPMorgan plans buffered return optimization notes linked to FTSE MIB

By Jennifer Chiou

New York, Oct. 6 – JPMorgan Chase & Co. plans to price 0% buffered return optimization securities due Oct. 31, 2017 to the FTSE MIB index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.5 times any index gain, up to a maximum return of 42% to 46% that will be set at pricing.

Investors will receive par if the shares fall by up to 10% and will be exposed to losses beyond 10%.

The notes (Cusip: 481246148) will price on Oct. 28 and settle on Oct. 31.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the underwriters.

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