Published on 1/25/2013 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2 million digital notes linked to Coach
By Angela McDaniels
Tacoma, Wash., Jan. 25 - JPMorgan Chase & Co. priced $2 million of 0% digital notes due Feb. 12, 2014 linked to the common stock of Coach, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is at least 75% of the initial share price, the payout at maturity will be par plus 8.75%. If the final share price is less than 75% of the initial price, investors will be fully exposed to the decline in the share price.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Digital notes
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Underlying stock: | Coach Inc. (NYSE: COH)
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Amount: | $2 million
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Maturity: | Feb. 12, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final share price is at least 75% of initial price, par plus 8.75%; otherwise, full exposure to decline from initial share price
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Initial share price: | $50.75
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Pricing date: | Jan. 23
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Settlement date: | Jan. 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48126DUW7
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