JPMorgan plans buffered PLUS due 2019 with leverage, cap tied to S&P

By Susanna Moon

Chicago, Sept. 30 – JPMorgan Chase Financial Co. LLC plans to price 0% buffered Performance Leveraged Upside Securities due May 3, 2019 linked to the S&P 500 index, according to a FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by JPMorgan Chase & Co.

The payout at maturity will be par plus 200% of the index gain, up to a maximum return of 19.8%.

Investors will receive par if the index falls by up to 10% and will be fully exposed to any losses beyond 10%.

J.P. Morgan Securities LLC is the agent.

The notes will price on Oct. 14.

The Cusip number is 48128P308.

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