JPMorgan plans buffered return enhanced notes on iShares MSCI EAFE

By Tali Rackner

Norfolk, Va., Sept. 2 – JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due Sept. 29, 2017 linked to the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par of $1,000 plus two times the ETF return, up to a maximum return that is expected to be 20% to 24% and will be set at pricing.

Investors will receive par if the ETF falls by 10% or less and will lose 1% for every 1% that the ETF declines beyond 10%.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price Sept. 25 and settle Sept. 30.

The Cusip number is 48125UV90.

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