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JPMorgan to sell buffered return enhanced notes linked to MSCI EAFE
By Susanna Moon
Chicago, March 3 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due Sept. 30, 2009 linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is at least the initial level, the payout at maturity will be par plus double any gain on the index, capped at a payout equal to 113.5% of par.
If the index declines up to 15%, the payout will be par. Investors will lose 1% for every 1% the index declines beyond 15%.
The notes are expected to price on March 26 and settle on March 31.
J.P. Morgan Securities Inc. is the agent.
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