JPMorgan plans to price trigger jump securities linked to Apple stock

By Angela McDaniels

Tacoma, Wash., June 5 – JPMorgan Chase & Co. plans to price 0% trigger jump securities due June 22, 2017 linked to the common stock of Apple Inc., according to an FWP filing with the Securities and Exchange Commission.

If the stock return is positive or zero, the payout at maturity will be par of $10 plus the upside payment, which is expected to be at least 32% and will be set at pricing. Investors will receive par if the stock declines by 10% or less and will be exposed to losses from the initial share price if the stock declines by more than 10%.

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

The notes are expected to price June 19.

The Cusip number is 48127X435.

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