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JPMorgan amends maturity for capped buffered equity notes on indexes
By Marisa Wong
Madison, Wis., April 7 – JPMorgan Chase & Co. amended the maturity date of its planned 0% capped buffered equity notes linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to an amended FWP filing with the Securities and Exchange Commission.
The notes will mature on April 25, 2018 instead of April 11, 2018.
The issuer also pushed back the pricing and settlement dates to April 20 and April 23, respectively. The notes were previously set to price on April 6 and settle on April 9.
The payout at maturity will be par plus any gain in the lesser performing index, up to a maximum return of 25% to 30%.
Investors will receive par if the lesser performing index falls by up to 20% and will lose 1% for each 1% decline of the lesser performing index beyond the 20% buffer.
J.P. Morgan Securities LLC is the agent.
The Cusip number is 48125UKF8.
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