JPMorgan plans buffered leveraged notes linked to metals & mining ETF

By Angela McDaniels

Tacoma, Wash., Oct. 15 – JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due Dec. 28, 2016 linked to the SPDR S&P Metals & Mining exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 1.2 times the ETF return, up to a maximum return that is expected to be 19.5% to 20.5% and will be set at pricing. Investors will receive par if the ETF declines by 15% or less and will lose 1.1765% for every 1% that the ETF declines beyond 1%.

J.P. Morgan Securities LLC is the agent.

The notes will price Oct. 20 and settle Oct. 23.

The Cusip number is 48128GAT7.

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