New Issue: JPMorgan prices $8.35 million PLUS on Energy Select Sector SPDR fund

By Marisa Wong

Madison, Wis., Oct. 23 – JPMorgan Chase & Co. priced $8.35 million of 0% Performance Leveraged Upside Securities due Feb. 4, 2016 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum payment of at least $12.30 per note. The exact cap will be set at pricing.

Investors will be exposed to any losses.

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

Issuer:	JPMorgan Chase & Co.
Issue:	Performance Leveraged Upside Securities
Underlying ETF:	Energy Select Sector SPDR fund
Amount:	$8,353,820
Maturity:	Feb. 4, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If fund return is positive, par plus 300% of gain, subject to 23% maximum return; if fund return is negative, one-to-one exposure to decline
Initial price:	$83.42
Pricing date:	Oct. 20
Settlement date:	Oct. 23
Agent:	J.P. Morgan Securities LLC
Distribution:	Morgan Stanley Smith Barney LLC
Fees:	2.25%
Cusip:	48127H562

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