JPMorgan plans buffered return enhanced notes on iShares MSCI EAFE

By Marisa Wong

Milwaukee, Feb. 17 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due Sept. 8, 2011 linked to the iShares MSCI EAFE index fund, according to a FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, up to a maximum return of 19% to 23%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%. The minimum payout is $150 per $1,000 principal amount.

The notes are expected to price March 3 and settle March 8.

JPMorgan Securities Inc. is the agent.

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