JPMorgan plans digital notes with 85% barrier linked to S&P 500

By Susanna Moon

Chicago, May 17 - JPMorgan Chase & Co. plans to price 0% digital notes due Nov. 29, 2013 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 85% barrier level, the payout at maturity will be the threshold settlement amount of $1,087.50 to $1,107.50 for each $1,000 principal amount. The exact digital return will be set at pricing.

Otherwise, investors will lose 1.1765% for every 1% decline beyond 15%.

J.P. Morgan Securities LLC is the agent.

The notes will price on May 21 and settle on May 29.

The Cusip number is 48125VZS2.

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