JPMorgan plans dual directional trigger PLUS due 2016 linked to Apple

By Susanna Moon

Chicago, Aug. 19 – JPMorgan Chase & Co. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Oct. 5, 2016 linked to Apple Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

If the stock finishes above its initial level, the payout at maturity will be par plus double the gain in Apple shares, up to a maximum return of 20%.

If Apple stock falls by up to 10%, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses if the stock finishes below the 90% trigger level.

J.P. Morgan Securities LLC is the agent.

The notes will price on Aug. 31.

The Cusip number is 48127X112.

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