New Issue: JPMorgan prices $2.3 million two-year digital notes linked to S&P 500

By Susanna Moon

Chicago, April 26 – JPMorgan Chase & Co. priced $2.3 million of 0% digital notes due April 26, 2018 linked 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 initial index level, the payout at maturity will be par plus the digital return of 12%.

Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$2,295,000
Maturity:	April 26, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index gains, par plus 12%; if index falls by up to 15%, par; otherwise, 1% loss for every 1% decline beyond 15%
Initial index level:	2,091.58
Pricing date:	April 22
Settlement date:	April 27
Agent:	J.P. Morgan Securities LLC
Fees:	0.91%
Cusip:	48128GWM8

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