JPMorgan plans uncapped contingent buffered notes linked to S&P 500

By Susanna Moon

Chicago, April 8 – JPMorgan Chase & Co. plans to price 0% uncapped contingent buffered equity notes due April 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the return and a fixed return of 28% to 33%. The exact contingent minimum return will be set at pricing.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if it falls by more than the contingent buffer.

J.P. Morgan Securities LLC is the agent.

The notes will price on April 26 and settle on April 29.

The Cusip number is 48128GVB3.

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