JPMorgan plans capped buffered enhanced participation notes on iShares MSCI EAFE

By Devika Patel

Knoxville, Tenn., Dec. 3 – JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due Dec. 29, 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 200% of the fund return, subject to a maximum return that is expected to fall between $1,230 and $1,280 per $1,000 of notes, or a yield of 23% to 28%, with the exact cap to be set at pricing.

Investors will receive par if the fund falls by up to 10% and will be exposed to any declines beyond the 10% buffer.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 48128GES5) will price on Dec. 23 and settle on Dec. 31.

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