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JPMorgan plans 0% buffered return enhanced notes linked to S&P 500
By Toni Weeks
San Diego, Feb. 6 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due Feb. 13, 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, subject to a maximum return of 21% to 22% that will be set at pricing.
Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% decline beyond 10%.
The notes (Cusip: 48125VMR8) are expected to price Feb. 8 and settle Feb. 13.
J.P. Morgan Securities LLC is the agent.
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