JPMorgan plans to price one-year digital notes linked to Apple

By Jennifer Chiou

New York, Oct. 4 - JPMorgan Chase & Co. plans to price 0% digital notes due Oct. 23, 2013 linked to the common stock of Apple Inc., according to an FWP with the Securities and Exchange Commission.

If the final share price is at least 75% of the initial price, the payout at maturity will be par plus the digital return, which is expected to be at least 12.2%. The exact digital return will be set at pricing.

If the final price falls by more than 25%, investors will be fully exposed to the decline in the share price.

The notes (Cusip: 48126DCN7) are expected to price on Oct. 5 and settle on Oct. 11.

J.P. Morgan Securities LLC is the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.