By Jennifer Chiou
New York, July 24 – JPMorgan Chase & Co. priced $2 million of 0% contingent buffered digital notes due Jan. 20, 2016 linked to the WTI crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
If crude falls by up to the contingent buffer amount of 15%, the payout at maturity will be par plus the digital return of 14%.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Contingent buffered digital notes
|
| Underlying commodity: | WTI crude oil futures contract
|
| Amount: | $2 million
|
| Maturity: | Jan. 20, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If crude falls by up to buffer amount, par plus 14%; otherwise, full exposure to any losses
|
| Initial price: | $104.59
|
| Contingent buffer: | 15%
|
| Pricing date: | July 21
|
| Settlement date: | July 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48126N7F8
|
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