New Issue: JPMorgan sells $3.27 million PLUS due 2017 tied to S&P 500 index

By Devika Patel

Knoxville, Tenn., Jan. 20 – JPMorgan Chase & Co. priced $3,265,000 of 0% Performance Leveraged Upside Securities due Feb. 21, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any gain in the index, up to a maximum return of 14.25%. Investors will be fully exposed to any decline in the index.

J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Smith Barney LLC.

Issuer:	JPMorgan Chase & Co.
Issue:	Performance Leveraged Upside Securities
Underlying index: S&P 500
Amount:	$3,265,000
Maturity:	Feb. 21, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at 14.25%; full exposure to any losses
Initial index level: 1,880.33
Pricing date:	Jan. 15
Settlement date:	Jan. 21
Agent:	J.P. Morgan Securities LLC
Distribution:	Morgan Stanley Smith Barney LLC
Fees:	2.25%
Cusip:	48128A442

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