JPMorgan plans capped buffered return enhanced notes on S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 12 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered return enhanced notes due Feb. 28, 2020 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 finishes above its initial value, the payout at maturity will be par plus two times the gain, with the payout capped at par plus 16% to 20%.

If the index declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.

The agent is J.P. Morgan Securities LLC.

The notes will price on Feb. 28.

The Cusip number is 48129HYT8.

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