JPMorgan plans capped contingent buffer notes linked to SPDR S&P Oil

By Susanna Moon

Chicago, June 25 – JPMorgan Chase & Co. plans to price capped contingent buffered return enhanced notes due Jan. 29, 2019 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.25 times any fund gain, up to a maximum return of 66% to 74%. The exact cap will be set at pricing.

Investors will receive par if the fund falls by up to 35% and will be fully exposed to any loses if the fund falls by more than the 35% contingent buffer.

J.P. Morgan Securities LLC is the agent.

The notes will price on July 24 and settle July 31.

The Cusip number is 48125UYA4.

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