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JPMorgan plans trigger PLUS due 2016 linked to commodities basket
By Susanna Moon
Chicago, July 17 – JPMorgan Chase & Co. plans to price 0% trigger Performance Leveraged Upside Securities due Jan. 28, 2016 linked to a basket of commodities and futures contracts on commodities, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying components are 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 at least 142% of any basket gain.
Investors will receive par if the basket falls by up to 10% and will be fully exposed to any losses if the basket finishes to or below the 90% trigger level.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as dealer.
The notes will price on July 25.
The Cusip number is 48127DTJ7.
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