By Jennifer Chiou
New York, May 2 - JPMorgan Chase & Co. priced $1.85 million of 0% contingent buffered digital notes due Nov. 1, 2013 linked to the Brent crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
If the price of Brent crude finishes at or above 90% of the initial price, the payout at maturity will be par plus the digital return of 5.45%.
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: | Brent crude oil futures contract
|
| Amount: | $1.85 million
|
| Maturity: | Nov. 1, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If Brent crude finishes at or above 90% of the initial price, par plus 5.45%; otherwise, full exposure to any losses
|
| Initial price: | $103.16
|
| Pricing date: | April 26
|
| Settlement date: | May 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48126DT66
|
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