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JPMorgan plans capped buffered return enhanced notes on EAFE fund
By Jennifer Chiou
New York, March 31 – JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due Jan. 31, 2017 linked to the iShares MSCI EAFE exchange-traded fund, 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 fund, up to a maximum return of 16% to 20% that will be set at pricing.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
The notes (Cusip: 48125ULQ3) will price on April 27 and settle on April 30.
J.P. Morgan Securities LLC is the agent.
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