By Marisa Wong
Madison, Wis., March 18 - JPMorgan Chase & Co. priced $5.2 million of 0% contingent buffered digital notes due May 19, 2015 linked to the WTI crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
If the price of WTI crude oil finishes at or above 81.85% of the initial price, the payout at maturity will be par plus the digital return of 10%.
Otherwise, investors will share in losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Contingent buffered digital notes
|
| Underlying commodity: | WTI crude oil futures contract
|
| Amount: | $5.2 million
|
| Maturity: | May 19, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If WTI crude finishes at or above initial price or falls by no more than 18.15%, par plus 10%; otherwise, full exposure to any losses
|
| Initial price: | $98.89
|
| Pricing date: | March 14
|
| Settlement date: | March 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.9%
|
| Cusip: | 48126N5Q6
|
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