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

By Marisa Wong

Madison, Wis., June 4 – JPMorgan Chase & Co. plans to price 0% capped contingent buffered return enhanced notes due June 29, 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 1.25 times any gain in the fund, up to a maximum return of at least 60%. The exact cap will be set at pricing.

Investors will receive par if the fund falls by up to 35% 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 June 25 and settle June 30.

The Cusip number is 48125UWF5.

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