New Issue: JPMorgan prices $312,000 digital notes linked to S&P 500 index

By Jennifer Chiou

New York, July 3 - JPMorgan Chase & Co. priced $312,000 of 0% digital notes due July 2, 2015 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above the initial level, the payout at maturity will be par plus the 14.5% digital return.

Investors will receive par for losses up to 10% and will share in losses beyond the buffer.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Digital index-linked notes
Underlying index:	S&P 500
Amount:	$312,000
Maturity:	July 2, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If index closes at or above initial index level, par plus 14.5%; par for losses up to 10% and exposure to losses beyond 10%
Initial level:	1,606.28
Pricing date:	June 28
Settlement date:	July 3
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48126NEY9

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.