JPMorgan plans notes with 11 times leverage tied to iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., Jan. 7 – JPMorgan Chase & Co. plans to price 0% capped contingent buffered return enhanced notes due Jan. 19, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par plus 11 times the ETF return, subject to a maximum return that is expected to be at least 20% and will be set at pricing. If the ETF falls by up to 30%, the payout will be par. If the ETF falls by more than 30%, investors will be fully exposed to the ETF’s decline.

J.P. Morgan Securities LLC is the agent.

The notes will price Jan. 14.

The Cusip number is 48128GHZ6.

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