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JPMorgan to price capped buffered enhanced notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Dec. 16 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered enhanced participation equity notes due July 24, 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.
If the index return is positive, the payout at maturity will be par plus 1.4 times the index return, subject to a maximum return that is expected to be 17.066% to 20.076% and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
The notes will price Dec. 19.
The Cusip number is 46646QFP5.
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