By Susanna Moon
Chicago, July 29 – JPMorgan Chase & Co. priced $1.01 million of 0% trigger Performance Leveraged Upside Securities due Jan. 28, 2016 linked to a basket of six commodities, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the WTI crude oil futures contract with a 27.5% weight, RBOB gasoline futures contract with a 27.5% weight, copper with a 12.5% weight, palladium with a 10% weight, soybean futures contract with a 16.9% weight and cotton futures contract with a 5.6% weight.
The payout at maturity will be par plus 1.5 times any gain in the basket.
Investors will receive par if the basket falls by up to 10% and will be fully exposed to any losses if the basket finishes below the 90% trigger level.
J.P. Morgan Securities LLC is the agent with distribution through Morgan Stanley Wealth Management.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying assets: | WTI crude oil futures contract (27.5% weight), RBOB gasoline futures contract | (27.5% weight), copper (12.5% weight), palladium (10% weight), soybean futures contract (16.9% weight) and cotton futures contract (5.6% weight)
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| Amount: | $1,011,000
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| Maturity: | Jan. 28, 2016
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any basket gain; par if basket falls by up to 10%; full exposure to any losses if basket finishes below trigger level
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| Trigger level: | 90% of initial level
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| Pricing date: | July 25
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| Settlement date: | July 30
|
| Agent: | J.P. Morgan Securities LLC
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| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2%
|
| Cusip: | 48127DTJ7
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