JPMorgan plans capped buffered return enhanced notes linked to S&P 500

By Devika Patel

Knoxville, Tenn., Dec. 3 – JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due Dec. 29, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus two times the index return up to a maximum return of 18% to 22%, or $1,180 to $1,220 per $1,000 of notes, with the exact cap to be set at pricing.

Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48128GET3) will price on Dec. 23 and settle on Dec. 31.

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