JPMorgan plans contingent buffered notes linked to SPDR S&P Oil & Gas

By Susanna Moon

Chicago, June 1 – JPMorgan Chase & Co. plans to price 0% uncapped contingent buffered equity notes due Dec. 24, 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 1.25 times any gain in the fund, up to a maximum return of 66% to 74%.

Investors will receive par if the fund finishes at or above 65% of contingent buffer level and will be fully exposed to any losses if the fund falls by more than the 35% contingent buffer.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 19 and settle on June 26.

The Cusip number is 48125UVA7.

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