New Issue: JPMorgan prices $2 million one-year digital notes linked to Twitter

By Marisa Wong

Madison, Wis., June 4 – JPMorgan Chase & Co. priced $2 million of 0% digital notes due June 22, 2016 linked to Twitter, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above the initial share price or falls by up to 32%, the payout at maturity will be par plus the digital return of 10.5%.

Otherwise, investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Digital notes
Underlying stock:	Twitter, Inc. (Symbol: TWTR)
Amount:	$2 million
Maturity:	June 22, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If stock finishes at or above 68% of initial level, par plus 10.5%; otherwise, full exposure to any losses
Initial level:	$36.63
Pricing date:	June 1
Settlement date:	June 4
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48125UWM0

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