JPMorgan plans notes due 2018 with floor linked to ETF Efficiente 5

By Susanna Moon

Chicago, June 1 - JPMorgan Chase & Co. plans to price 0% notes due June 29, 2018 linked to the JPMorgan ETF Efficiente 5 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 110% of any index gain, with a minimum payout of par plus at least $60.00 per $1,000 principal amount. The exact deal terms will be set at pricing.

The index tracks the excess return of a portfolio of 12 exchange-traded funds, with dividends reinvested, and the JPMorgan Cash Index USD 3 Month above the return of the cash index less a fee of 0.5% per year that accrues daily.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 26 and settle on June 29.

The Cusip number is 48125VC57.

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