By Susanna Moon
Chicago, June 3 – JPMorgan Chase & Co. priced $1.58 million of 0% Performance Leveraged Upside Securities due July 5, 2016 linked to the S&P GSCI Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.5 times any gain in the index, up to a maximum return of 14.65%.
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 index: | S&P GSCI Excess Return
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| Amount: | $1,578,000
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| Maturity: | July 5, 2016
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 150% of any index gain, capped at 14.65%; full exposure to losses
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| Initial level: | 312.8777
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| Pricing date: | May 29
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| Settlement date: | June 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: | 1.75%
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| Cusip: | 48125USW3
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