New Issue: JPMorgan sells $1.08 million one-year digital notes tied to Wells Fargo

By Toni Weeks

San Luis Obispo, Calif., July 23 - JPMorgan Chase & Co. priced $1.08 million of 0% digital notes due Aug. 6, 2014 linked to Wells Fargo & Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

If Wells Fargo stock finishes at or above the 85% trigger level, the payout at maturity will be par plus a fixed return of 8.1%.

Otherwise, 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:	Wells Fargo & Co. (NYSE: WFC)
Amount:	$1,075,000
Maturity:	Aug. 6, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is at least 85% of initial price, par plus 8.1%; otherwise, full exposure to decline
Initial share price:	$44.45
Pricing date:	July 19
Settlement date:	July 24
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48126NKC0

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