New Issue: JPMorgan prices $2.71 million jump securities tied to Bank of America

By Marisa Wong

Madison, Wis., June 4 – JPMorgan Chase & Co. priced $2.71 million of 0% jump securities due Dec. 7, 2016 linked to the Bank of America Corp. shares, according to an FWP filing with the Securities and Exchange Commission.

If the stock finishes at or above the initial price, the payout at maturity will equal par plus 20%.

Investors will be fully exposed to any losses.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Jump securities
Underlying stock:	Bank of America Corp. (Symbol: BAC)
Amount:	$2,705,000
Maturity:	Dec. 7, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If stock finishes at or above initial price, par plus 20%; full exposure to any stock price decline
Initial share price:	$16.72
Pricing date:	June 2
Settlement date:	June 5
Agent:	J.P. Morgan Securities LLC
Distribution:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	48127X468

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