JPMorgan to price contingent buffered enhanced notes on oil & gas ETF

By Toni Weeks

San Luis Obispo, Calif., March 3 – JPMorgan Chase & Co. plans to price 0% capped contingent buffered return enhanced notes due Sept. 23, 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the final ETF level is greater than the initial level, the payout at maturity will be par plus 1.15 times the gain, subject to a maximum return of 80% to 90% that will be set at pricing.

If the final fund level is at least 65% of the initial level, the payout will be par.

If the fund falls by more than 35%, investors will lose 1% for every 1% drop below the initial level.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price March 20 and settle March 27.

The Cusip number is 48125UGQ9.

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