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JPMorgan to price capped contingent buffered notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., Aug. 25 – JPMorgan Chase & Co. plans to price 0% capped contingent buffered equity notes due Sept. 14, 2016 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, capped at 13.6%. If the index falls by up to 15%, the payout will be par. If the index falls by more than 15%, investors will be fully exposed to the index decline.
J.P. Morgan Securities LLC is the agent.
The notes will price on Aug. 26 and settle on Aug. 31.
The Cusip number is 48125UR61.
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