JPMorgan plans to sell 0% buffered PLUS linked to iShares MSCI EAFE

By Susanna Moon

Chicago, May 22 - JPMorgan Chase & Co. plans to price 0% buffered Performance Leveraged Upside Securities 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 of $10 plus double any fund gain, up to a maximum of $13.20 to $13.70 per note, with the exact cap to be set at pricing.

Investors will receive par if the shares fall by up to 10% and will be exposed to losses beyond 10%.

The notes will price and settle in June.

J.P. Morgan Securities Inc. is 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.