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Published on 10/6/2014 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $2.07 million PLUS linked to S&P 500 index

By Marisa Wong

Madison, Wis., Oct. 6 – JPMorgan Chase & Co. priced $2.07 million of 0% Performance Leveraged Upside Securities due July 6, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.5 times any gain in the index, up to a maximum return of 9%.

Investors will be fully exposed to any decline in the index.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.

Issuer:JPMorgan Chase & Co.
Issue:Performance Leveraged Upside Securities
Underlying index:S&P 500
Amount:$2,065,950
Maturity:July 6, 2015
Coupon:0%
Price:Par
Payout at maturity:Par plus 150% of any index gain, capped at 9%; full exposure to losses
Initial level:1,972.29
Pricing date:Sept. 30
Settlement date:Oct. 3
Agent:J.P. Morgan Securities LLC with distribution through Morgan Stanley Smith Barney LLC
Fees:1.5%
Cusip:48127H588

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