JPMorgan to price digital notes linked to Citigroup common stock

By Angela McDaniels

Tacoma, Wash., July 31 - JPMorgan Chase & Co. plans to price 0% digital notes due Aug. 21, 2013 linked to the common stock of Citigroup Inc., according to an FWP filing with the Securities and Exchange Commission.

If the final share price is at least 60% of the initial share price, the payout at maturity will be par plus the digital return, which is expected to be at least 10.5% and will be set at pricing. Otherwise, investors will be fully exposed to the stock's decline from its initial price.

The notes are expected to price Aug. 3 and settle Aug. 8.

J.P. Morgan Securities LLC is the agent.

The Cusip number is 48125VZ37.

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