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JPMorgan plans capped buffered return enhanced notes on MSCI EAFE ETF
By Tali Rackner
Norfolk, Va., Nov. 18 – JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due Nov. 24, 2017 tied to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 1.2 times any gain in the index, up to a maximum return of 22.25%. The exact upside leverage factor will be set at pricing.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
The notes will price on Nov. 19 and settle on Nov. 24.
The Cusip number is 48128GDF4.
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