JPMorgan to price principal-protected notes linked to WTI crude oil

By Angela McDaniels

Tacoma, Wash., July 24 - JPMorgan Chase & Co. plans to price 0% notes due Aug. 6, 2018 linked to West Texas Intermediate light sweet crude oil, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 155% of the return of the first nearby month futures contract for WTI light sweet crude oil traded on the New York Mercantile Exchange, subject to a minimum payout of par. The exact participation rate will be set at pricing.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price July 31 and settle Aug. 5.

The Cusip number is 48126D5Y1.

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