By Susanna Moon
Chicago, Aug. 5 – JPMorgan Chase & Co. priced $8.59 million of 0% contingent buffered digital notes due Aug. 20, 2015 linked to the performance of WTI crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange.
If the price of crude finishes above the initial level, the payout at maturity will be par plus the digital return of 17.25%.
If the price of crude falls by up to the 15% contingent buffer, the payout will be par.
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 asset: | WTI crude oil futures contracts
|
| Amount: | $8,585,000
|
| Maturity: | Aug. 20, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If crude gains, par plus 17.25%; par if crude falls by up to 15%; otherwise, full exposure to any losses
|
| Initial level: | $97.88
|
| Contingent buffer: | 15%
|
| Pricing date: | Aug. 1
|
| Settlement date: | Aug. 6
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48126N7G6
|
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