JPMorgan to price PLUS linked to Market Vectors Gold Miners ETF

By Toni Weeks

San Luis Obispo, Calif., April 16 – JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due April 25, 2017 linked to the Market Vectors Gold Miners exchange-traded fund, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 280% of any fund gain, up to a maximum return of at least 150% that will be set at pricing.

Investors will be exposed to any losses.

The notes (Cusip: 48127T384) will price April 20.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC as distributor.

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