JPMorgan plans capped contingent buffered notes on SPDR oil fund

By Jennifer Chiou

New York, Jan. 13 – JPMorgan Chase & Co. plans to price 0% capped contingent buffered return enhanced notes due July 26, 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to an FWP with the Securities and Exchange Commission.

If the final fund price is greater than the initial price, the payout at maturity will be par plus 1.15 times the fund return, subject to a maximum return of between 30% and 50%. The exact maximum return will be set at pricing.

If the fund finishes flat or falls by up to 35%, the payout will be par. Otherwise, investors will be fully exposed to the decline in the fund from the initial price.

The notes (Cusip: 48127D6A1) will price on Jan. 23 and settle on Jan. 30.

J.P. Morgan Securities LLC is the agent.

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