JPMorgan plans to price PLUS linked to SPDR S&P Regional Banking ETF

By Angela McDaniels

Tacoma, Wash., July 1 – JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due Nov. 3, 2016 linked to the SPDR S&P Regional Banking exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any gain in the ETF, up to a maximum return that is expected to be at least 17% and will be set at pricing. Investors will be fully exposed to any decline in the ETF.

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

The notes will price July 31.

The Cusip number is 48127X187.

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