New Issue: JPMorgan prices $2 million digital notes linked to Coach

By Angela McDaniels

Tacoma, Wash., Jan. 25 - JPMorgan Chase & Co. priced $2 million of 0% digital notes due Feb. 12, 2014 linked to the common stock of Coach, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is at least 75% of the initial share price, the payout at maturity will be par plus 8.75%. If the final share price is less than 75% of the initial price, 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:	Coach Inc. (NYSE: COH)
Amount:	$2 million
Maturity:	Feb. 12, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is at least 75% of initial price, par plus 8.75%; otherwise, full exposure to decline from initial share price
Initial share price:	$50.75
Pricing date:	Jan. 23
Settlement date:	Jan. 28
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48126DUW7

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