JPMorgan plans to price PLUS due 2017 linked to SPDR S&P Oil & Gas

By Tali Rackner

Norfolk, Va., Aug. 17 – JPMorgan Chase & Co. plans to price 0% Performance Leveraged Upside Securities due Sept. 6, 2017 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus five times any gain in the fund, up to a maximum return of $14.80 per PLUS. The exact maximum will be set at pricing.

Investors will be exposed to any losses.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.

The securities will price on Aug. 31 and settle on Sept. 3.

The Cusip number is 48127V520.

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