By Susanna Moon
Chicago, Dec. 24 - JPMorgan Chase & Co. priced $2 million of 0% buffered return enhanced notes due Dec. 30, 2011 based on the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of 26.4%.
Investors will receive par if the fund falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
J.P. Morgan Securities Inc. is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Buffered return enhanced notes
|
| Underlying fund: | iShares MSCI EAFE index fund
|
| Amount: | $2 million
|
| Maturity: | Dec. 30, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 26.4%; par if fund declines by 15% or less; 1% loss for every 1% drop beyond 15%
|
| Initial price: | $54.85
|
| Pricing date: | Dec. 22
|
| Settlement date: | Dec. 28
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 2%
|
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