JPMorgan plans capped enhanced participation equity notes on S&P 500

By Sarah Lizee

Olympia, Wash., Jan. 28 – JPMorgan Chase Financial Co. LLC plans to sell 0% capped enhanced participation equity notes due April 30, 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 return is positive, the payout at maturity will be par plus three times the index return, subject to a maximum settlement amount that is expected to be between $1,157.50 and $1,185.10 per $1,000 of notes and will be set at pricing.

If the index return is negative, investors will have one-to-one exposure to the decline.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48130WTX9) will price on Feb. 1.

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