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JPMorgan plans capped buffered enhanced notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., Oct. 5 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered enhanced participation equity notes due Oct. 12, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.4 times any index gain, up to a maximum payout of $1,224.56 to $1,264.04 for each $1,000 principal amount of notes. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for each 1% decline beyond 12.5%.
J.P. Morgan Securities LLC is the agent.
The notes will price on Oct. 6.
The Cusip number is 46646EF56.
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