JPMorgan plans capped buffered enhanced participation notes on S&P 500

By Devika Patel

Knoxville, Tenn., March 2 – JPMorgan Chase & Co. plans to price 0% capped buffered enhanced participation equity notes due Nov. 8, 2017 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 140% of the index return, subject to a maximum settlement amount that is expected to fall between $1,196 and $1,229.60 per $1,000 of notes. The exact maximum payment will be set at pricing.

Investors will receive par if the index stays flat or falls by up to 12.5% and will lose 1.1429% for each 1% decline in the index beyond 12.5%.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48128GPQ7) will price on March 3 and settle on March 10.

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