JPMorgan to price one-year digital notes linked to lululemon athletica

By Toni Weeks

San Luis Obispo, Calif., Nov. 21 - JPMorgan Chase & Co. plans to price 0% digital notes due Dec. 10, 2014 linked to lululemon athletica inc. shares, according to an FWP filing with the Securities and Exchange Commission.

If lululemon stock finishes at or above 75% of the initial price, the payout at maturity will be par plus a fixed return of at least 14%. The exact digital return will be set at pricing.

Otherwise, investors will be fully exposed to the decline in the share price.

The final share price will be the average of the closing stock prices on the five trading days ending Dec. 5, 2014.

The notes (Cusip: 48126NG27) are expected to price Nov. 22 and settle Nov. 27.

J.P. Morgan Securities LLC is the agent.

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