JPMorgan plans capped buffered enhanced notes on euro/dollar spot rate

By Marisa Wong

Morgantown, W.Va., Jan. 31 – JPMorgan Chase Financial Co. LLC plans to price 0% capped buffered enhanced participation equity notes due April 9, 2019 linked to the performance of the euro/dollar exchange rate, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The exchange rate is expressed as the number of dollars per euro. The currency return will be calculated as (a) the initial exchange rate minus the final exchange rate divided by (b) the initial exchange rate. The currency return will be positive if the dollar strengthens relative to the euro.

If the currency return is positive, the payout at maturity will be par plus 1.59 to 1.69 times the gain, subject to a maximum payout of $2,590 to $2,690 per $1,000 of notes.

If the currency return is zero or negative but not less than negative 7.5%, the payout will be par. Otherwise, investors will lose 1.08108% for each 1% decline beyond 7.5%.

J.P. Morgan Securities LLC is the agent.

The notes will price on Feb. 2.

The Cusip number is 46647MPV9.

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