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Published on 7/29/2014 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $5.57 million PLUS due 2015 linked to WTI crude oil

By Susanna Moon

Chicago, July 29 – JPMorgan Chase & Co. priced $5.57 million of 0% Performance Leveraged Upside Securities due Jan. 29, 2015 linked to the WTI crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any gain in the price of crude oil, capped at 31%.

Investors will share in any losses.

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

Issuer:JPMorgan Chase & Co.
Issue:Performance Leveraged Upside Securities
Underlying asset:WTI crude oil futures contract
Amount:$5,571,000
Maturity:Jan. 29, 2015
Coupon:0%
Price:Par
Payout at maturity:Par plus 300% of any gain in crude oil, capped at 31%; exposure to any losses
Initial level:$102.09
Pricing date:July 25
Settlement date:July 30
Agent:J.P. Morgan Securities LLC
Dealer:Morgan Stanley Wealth Management
Fees:1.5%
Cusip:48127DTN8

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