JPMorgan to sell buffered return enhanced notes on iShares MSCI EAFE

By Marisa Wong

Madison, Wis., Nov. 23 - JPMorgan Chase & Co. plans to price 0% buffered return enhanced notes due June 20, 2012 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 fund gain, up to a maximum return of 13% to 18%. The exact cap will be set pricing.

Investors will receive par if the shares fall by up to 15% and will lose 1% for each 1% decline beyond 15%.

The notes (Cusip: 48124A3N5) will price on Dec. 15 and settle on Dec. 20.

J.P. Morgan Securities LLC 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.