By Susanna Moon
Chicago, July 2 – JPMorgan Chase & Co. priced $3.35 million of 0% Performance Leveraged Upside Securities due July 6, 2017 linked to the Health Care Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any gain in the fund, up to a maximum return of 20.25%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Performance Leveraged Upside Securities
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| Underlying fund: | Health Care Select Sector SPDR fund
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| Amount: | $3,351,500
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| Maturity: | July 6, 2017
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 200% of any fund gain, capped at 20.25%; exposure to any losses
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| Initial level: | $74.39
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| Pricing date: | June 30
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| Settlement date: | July 6
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| Agent: | J.P. Morgan Securities LLC
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| Distribution: | Morgan Stanley Wealth Management
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| Fees: | 2%
|
| Cusip: | 48127X260
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