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JPMorgan to price contingent buffered digital notes on WTI crude oil
By Toni Weeks
San Luis Obispo, Calif., April 1 - JPMorgan Chase & Co. plans to price 0% contingent buffered digital notes due June 9, 2015 linked to the WTI crude oil futures contract, according to an FWP filing with the Securities and Exchange Commission.
If the price of WTI crude finishes at or above 81.25% of the initial price, the payout at maturity will be par plus the digital return of 10%. The exact contingent buffer percentage will be set at pricing.
Otherwise, investors will share in losses.
The final price will be the average of the contract prices on five trading days ending June 4, 2015.
J.P. Morgan Securities LLC is the agent.
The notes are expected to price April 4 and settle April 9.
The Cusip number is 48126N5U7.
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