By Susanna Moon
Chicago, Dec. 31 – JPMorgan Chase & Co. priced $6.64 million of 0% Performance Leveraged Upside Securities due Jan. 29, 2016 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the fund, up to a maximum return of 19%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Performance Leveraged Upside Securities
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| Underlying fund: | Energy Select Sector SPDR fund
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| Amount: | $6,644,900
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| Maturity: | Jan. 29, 2016
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 300% of any fund gain, capped at 19%; exposure to any losses
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| Initial level: | $80.11
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| Pricing date: | Dec. 26
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| Settlement date: | Dec. 31
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| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
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| Fees: | 2%
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| Cusip: | 48127P325
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