JPMorgan plans to price digital notes linked to S&P 500 index

By Toni Weeks

San Diego, April 13 - JPMorgan Chase & Co. plans to price 0% digital notes due Feb. 7, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least 80% of the initial level, the payout at maturity will be the threshold settlement amount, which is expected to be $1,070 to $1,090 and will be set at pricing.

If the index falls by more than 20%, investors will lose 1.25% for every 1% decline in the index beyond the 20% buffer.

The notes (Cusip: 48125VVH0) are expected to price April 16 and settle April 23.

J.P. Morgan Securities LLC is the agent.

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