JPMorgan delays pricing capped contingent trigger notes on S&P 500

By Susanna Moon

Chicago, Aug. 21 - JPMorgan Chase & Co. pushed out the pricing and maturity of its capped contingent trigger equity notes with contingent interest linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are now due Aug. 31, 2017, with the offering set to price on Aug. 28 and settle on Aug. 30. The notes were originally set to mature Aug. 21, 2017, with pricing on Aug. 16 and settlement on Aug. 21.

As previously announced, if the index closes at or above the initial level on any annual review date, investors will receive a contingent interest payment of 1.5% to 1.75%. The exact contingent coupon will be set at pricing.

If the index finishes at or above the initial level, the payout at maturity will be par plus any gain, up to a maximum return of 40%.

If the index falls but finishes at or above the 75% trigger level, the payout will be par.

Otherwise, investors will be exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The Cusip number is 48126NMJ3.

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