JPMorgan plans capped contingent buffered notes tied to JPX-Nikkei 400

By Toni Weeks

San Luis Obispo, Calif., June 23 – JPMorgan Chase & Co. plans to price capped contingent buffered equity notes due Jan. 5, 2017 linked to the JPX-Nikkei 400 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, up to a maximum return of 19.5%.

Investors will receive par if the index falls by up to 15% and will be fully exposed to any loses if the index falls by more than the 15% contingent buffer.

The final index level will be the average of the closing index levels on the five trading days ending Dec. 30, 2016.

J.P. Morgan Securities LLC is the agent.

The notes will price June 26 and settle July 1.

The Cusip number is 48125UXU1.

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