JPMorgan plans PLUS due 2017 with cap, leverage tied to funds, indexes

By Susanna Moon

Chicago, June 29 – JPMorgan Chase Financial Co. LLC plans to price 0% Performance Leveraged Upside Securities due Aug. 4, 2017 linked to a basket of equally weighted indexes and exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The underlying components are the S&P MidCap 400 index, the Russell 2000 index, the iShares MSCI EAFE ETF and the iShares MSCI Emerging Markets ETF.

The payout at maturity will be par of $10 plus triple any gain in the basket, up to a maximum return of at least 16.25%. The exact cap 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 as dealer.

The notes will price on July 1.

The Cusip number is 46646W375.

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