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JPMorgan plans capped buffered return enhanced notes on S&P 500 index
By Tali Rackner
Norfolk, Va., March 10 – JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due March 29, 2018 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus two times any index gain, up to a maximum return of 21% to 25%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes will price on March 28 and settle on March 31.
The Cusip number is 48128GQD5.
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