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JPMorgan to price contingent buffered notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Aug. 9 – JPMorgan Chase Financial Co. LLC plans to price 0% contingent buffered equity notes due Feb. 14, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return. If the index declines by up to 18.3%, the payout will be par. If the index declines by more than 18.3%, investors will lose 1% for every 1% that the final index level is less than the initial index level.
J.P. Morgan Securities LLC is the agent.
The notes will price Aug. 12.
The Cusip number is 46646EUM2.
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