JPMorgan to price uncapped buffered notes linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., May 8 – JPMorgan Chase & Co. plans to price 0% uncapped buffered equity notes due May 19, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the greater of the index return and the contingent minimum return, which is expected to be at least 35% and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price May 14 and settle May 19.

The Cusip number is 48125URQ7.

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