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JPMorgan plans capped buffered return enhanced notes tied to S&P 500
By Jennifer Chiou
New York, March 26 – JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due Jan. 6, 2017 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of at least 16.75% that will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
The notes (Cusip: 48125ULH3) will price on April 1 and settle on April 6.
J.P. Morgan Securities LLC is the agent.
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