JPMorgan to price capped enhanced notes linked to S&P Banks Select

By Wendy Van Sickle

Columbus, Ohio, Dec. 3 – JPMorgan Chase & Co. plans to price 0% capped enhanced participation equity notes due Jan. 12, 2017 linked to the S&P Banks Select Industry index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum payout of $1,160 to $1,188 for each $1,000 principal amount of notes. The exact maximum payout will be set at pricing. If the index return is negative, investors will be fully exposed to the decline.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price on Dec. 7.

The Cusip number is 48128GEE6.

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