JPMorgan plans 0% buffered return enhanced notes linked to Russell

By Toni Weeks

San Diego, June 6 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due June 24, 2014 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the index, subject to a maximum return of 21% to 25%. The exact maximum return will be set at pricing.

Investors will receive par if the index declines by up to 20% and will lose 1% for every 1% decline beyond the 20% buffer.

The notes (Cusip: 48125VF62) are expected to price June 19 and settle June 22.

J.P. Morgan Securities LLC is the agent.

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