JPMorgan plans capped enhanced participation notes linked to S&P 500

By Toni Weeks

San Luis Obispo, Calif., July 23 – JPMorgan Chase & Co. plans to price 0% capped enhanced participation equity notes due Feb. 2, 2017 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 200% of the index return, subject to a maximum payout of $1,170 to $1,200 for each $1,000 principal amount of notes. The exact maximum payout will be set at pricing. Investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price July 28 and settle Aug. 4.

The Cusip number is 48125UA85.

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