New Issue: JPMorgan prices $18.33 million trigger PLUS linked to SPDR S&P Oil & Gas ETF

By Angela McDaniels

Tacoma, Wash., Aug. 27 – JPMorgan Chase & Co. priced $18.33 million of 0% trigger Performance Leveraged Upside Securities due Aug. 30, 2017 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par of $10 plus 200% of the ETF return, subject to a maximum return of 44.417%. Investors will receive par if the ETF declines by 20% or less and will be fully exposed to the ETF’s decline from its initial share price if it falls by more than 20%.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Trigger Performance Leveraged Upside Securities
Underlying ETF:	SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$18,328,500
Maturity:	Aug. 30, 2017
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If ETF return is positive, par plus 200% of ETF return, subject to 44.417% maximum return; par if ETF declines by 20% or less; fully exposure to ETF’s decline from initial share price if it falls by more than 20%
Initial share price:	$32.83
Trigger level:	$26.264, 80% of initial share price
Pricing date:	Aug. 25
Settlement date:	Aug. 28
Agent:	J.P. Morgan Securities LLC
Distribution:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	48127V512

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