New Issue: JPMorgan prices $813,000 contingent buffered digital notes linked to Brent crude oil

By Toni Weeks

San Luis Obispo, Calif., July 16 - JPMorgan Chase & Co. priced $813,000 of 0% contingent buffered digital notes due July 24, 2014 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 85% of the initial price, the payout at maturity will be par plus the digital return of 10.92%.

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:	$813,000
Maturity:	July 24, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If Brent crude finishes at or above 85% of the initial price, par plus 10.92%; otherwise, full exposure to any losses
Initial price:	$108.81
Pricing date:	July 12
Settlement date:	July 17
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48126D5R6

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