JPMorgan to price capped buffered enhanced notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., April 17 - JPMorgan Chase & Co. plans to price 0% capped buffered enhanced participation equity notes due Aug. 6, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.2 times the index return, subject to a maximum settlement amount of $1,108 to $1,144 that will be set at pricing. If the index return is zero or negative but not below negative 10%, the payout will be par. Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.

J.P. Morgan Securities LLC is the agent. It will sell the notes to an unaffiliated dealer.

The notes are expected to price April 18 and settle April 25.

The Cusip number is 48126DX95.

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