JPMorgan plans PLUS due 2015 with leverage, cap linked to Russell 2000

By Susanna Moon

Chicago, July 30 – JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due Oct. 5, 2015 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of at least 13.75%.

Investors will be exposed to any losses.

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

The notes will price on Aug. 29.

The Cusip number is 481246551.

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