JPMorgan plans PLUS linked to Euro Stoxx Banks converted into dollars

By Angela McDaniels

Tacoma, Wash., Dec. 24 – JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due Feb. 2, 2017 linked to the Euro Stoxx Banks index converted into dollars, according to an FWP filing with the Securities and Exchange Commission.

The initial index level and the final index level will each be converted into dollars from euros at the exchange rate then in effect.

The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum return that is expected to be at least 18.5% and will be set at pricing. Investors will be fully exposed to any decline.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.

The notes will price Dec. 30.

The Cusip number is 48128A715.

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