JPMorgan plans to price trigger PLUS linked to SPDR S&P Oil & Gas ETF

By Angela McDaniels

Tacoma, Wash., Aug. 19 – JPMorgan Chase & Co. plans to price 0% trigger Performance Leveraged Upside Securities due Aug. 30, 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.

If the ETF return is positive, the payout at maturity will be par of $10 plus 200% of the ETF return, subject to a maximum return that is expected to be at least 44% and will be set at pricing. Investors will receive par if the ETF declines by 20% or less and will be fully exposed to the ETF’s decline from its initial share price if it falls by more than 20%.

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

The notes are expected to price Aug. 25.

The Cusip number is 48127V512.

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