By Toni Weeks
San Luis Obispo, Calif., Nov. 26 - JPMorgan Chase & Co. priced $2.34 million of 0% digital notes due Dec. 10, 2014 linked to lululemon athletica inc. shares, according to a 424B2 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 14%.
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.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Digital notes
|
| Underlying stock: | lululemon athletica inc. (Symbol: LULU)
|
| Amount: | $2.34 million
|
| Maturity: | Dec. 10, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is at least 75% of initial price, par plus 14%; otherwise, full exposure to decline
|
| Initial share price: | $69.42
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48126NG27
|
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