JPMorgan plans review notes linked to Russell 2000, iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., April 7 – JPMorgan Chase & Co. plans to price 0% review notes due Oct. 14, 2016 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of at least 10.6% per year if each underlying component closes at or above its initial level on Oct. 13, 2015, April 11, 2016 or Oct. 11, 2016. The exact premium will be set at pricing.

If the notes are not called and the final level of each underlying component is less than its initial level by up to 25%, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% that the lesser-performing underlying component’s final level is less than its initial level.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price April 10 and settle April 15.

The Cusip number is 48125UND0.

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