New Issue: JPMorgan prices $1 million digital notes linked to Russell 2000, iShares MSCI EM

By Angela McDaniels

Tacoma, Wash., Nov. 13 - JPMorgan Chase & Co. priced $1 million of 0% single observation digital notes due Nov. 21, 2014 linked to an equally weighted basket consisting of the Russell 2000 index and the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final basket level is greater than or equal to the barrier level, 85% of the initial basket level, then the payout at maturity will be par plus 7%. Otherwise, investors will lose 1% for every 1% that the final basket level is less than the initial basket level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Single observation digital notes
Underlying basket:	Russell 2000 index and iShares MSCI Emerging Markets index fund, equally weighted
Amount:	$1 million
Maturity:	Nov. 21, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If final basket level is at least 85% of initial basket level, par plus 7%; otherwise, 1% loss for every 1% that final basket level is less than initial basket level
Initial levels:	1,101.5 for index and $40.95 for ETF
Pricing date:	Nov. 11
Settlement date:	Nov. 14
Agent:	J.P. Morgan Securities LLC
Fees:	0.75%
Cusip:	48126NC39

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