JPMorgan to price capped enhanced participation notes on S&P 500

By Toni Weeks

San Luis Obispo, Calif., Aug. 5 – JPMorgan Chase & Co. plans to price 0% capped enhanced participation equity notes due Jan. 22, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial level, the payout at maturity will be par plus 200% of the index return, subject to a maximum settlement amount of $1,165 to $1,195 per $1,000 principal amount of notes. The exact participation rate will be set at pricing.

Investors will be fully exposed to any decline in the index.

The notes (Cusip: 48127DVV7) are expected to price Aug. 7 and settle Aug. 14.

J.P. Morgan Securities LLC is the agent.

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