New Issue: JPMorgan prices $30.21 million one-year digital notes linked to Apple

By Marisa Wong

Madison, Wis., May 1 - JPMorgan Chase & Co. priced $30.21 million of 0% digital notes due May 15, 2013 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is at least 80% of the initial price, the payout at maturity will be the digital payment of $1,173 per $1,000 principal amount.

If the final price falls by more than 20%, investors will be fully exposed to the decline in the share price.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Digital notes
Underlying stock:	Apple Inc. (Nasdaq: AAPL)
Amount:	$30,206,000
Maturity:	May 15, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is at least 80% of initial price, par plus 17.3%; otherwise, full exposure to decline
Initial price:	$603.00
Pricing date:	April 27
Settlement date:	May 2
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48125VWH9

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