JPMorgan plans trigger jump securities linked to oil & gas ETF

By Marisa Wong

Madison, Wis., Jan. 12 – JPMorgan Chase & Co. plans to price 0% trigger jump securities due July 21, 2015 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund finishes at or above the initial share price, the payout at maturity will be par plus the upside payment of at least $1.745 per $10 security.

Investors will receive par if the share price falls by up to 10% and will be fully exposed to losses from the initial price if the fund finishes below the 90% downside threshold level.

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

The notes are expected to price on Jan. 16.

The Cusip number is 48127R875.

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