By Susanna Moon
Chicago, July 7 – JPMorgan Chase & Co. priced $2.5 million of 0% digital notes due July 20, 2016 linked to Chicago Bridge & Iron Co. NV shares, according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above the 56% barrier level, the payout at maturity will be par plus the digital return of 10%.
Otherwise, investors will be fully exposed to any losses.
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: | Chicago Bridge & Iron Co. NV (Symbol: CBI)
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| Amount: | $2.5 million
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| Maturity: | July 20, 2016
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above barrier, par plus 10%; otherwise, full exposure to any losses
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| Initial index level: | $49.89
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| Barrier level: | 56% of initial level
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| Pricing date: | July 2
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| Settlement date: | July 8
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48125UZN5
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