JPMorgan to price buffered return enhanced notes linked to MSCI EAFE

By E. Janene Geiss

Philadelphia, Aug. 5 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due Feb. 26, 2010 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 two times any gain on the index, capped at 18.5%.

Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% decline beyond 10%.

The notes are expected to price on Aug. 26 and settle on Aug. 29.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.