By Susanna Moon
Chicago, Sept. 8 – JPMorgan Chase & Co. priced $13.58 million of 0% Performance Leveraged Upside Securities due Sept. 6, 2017 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 5 times any gain in the fund, up to a maximum return of 49%.
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: | SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $13,576,720
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| Maturity: | Sept. 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 500% of any fund gain, capped at 49%; exposure to any losses
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| Initial level: | $38.22
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| Pricing date: | Aug. 31
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| Settlement date: | Sept. 3
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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%
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| Cusip: | 48127V520
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