JPMorgan plans digital dual directional contingent buffer notes on S&P

By Susanna Moon

Chicago, April 12 – JPMorgan Chase & Co. plans to price 0% digital dual directional contingent buffered notes due July 26, 2017 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

If the index gains or falls by up to the 15% contingent buffer, the payout at maturity will be par plus the 8.8% contingent digital return.

If the index falls by more than the contingent buffer, investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on April 15 and settle on April 20.

The Cusip number is 48128GWE6.

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