JPMorgan to price buffered return enhanced notes linked to MSCI EAFE

By E. Janene Geiss

Philadelphia, July 17 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due July 23, 2014 linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 1.74 times any gain on the index. The exact upside leverage factor will be set at pricing.

Investors will receive par if the index falls by 20% or less and will lose 1.25% for every 1% decline beyond 20%.

The notes are expected to price July 18 and settle July 23.

J.P. Morgan Securities Inc. will be the agent.

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