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JPMorgan plans 18-month buffered return enhanced notes tied to iShares MSCI EAFE
By Angela McDaniels
Tacoma, Wash., Nov. 30 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due June 30, 2011 linked to the iShares MSCI EAFE index fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any increase in the exchange-traded fund's share price, subject to a maximum return of 17% to 20% that will be set at pricing. Investors will receive par if the share price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes are expected to price Dec. 22 and settle Dec. 28.
J.P. Morgan Securities Inc. is the agent.
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