JPMorgan changes cap for buffered return enhanced notes linked to iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., Dec. 1 - JPMorgan Chase & Co. lowered the range of the maximum return for its upcoming 0% buffered return enhanced notes due June 29, 2012 linked to the iShares MSCI EAFE index fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, subject to a maximum return of 16% to 20% that will be set pricing. Prior to the change, the maximum return was expected to be 18% to 22%.

Investors will receive par if the shares fall by 10% or less and will lose 1% for each 1% that they decline beyond 10%.

The notes (Cusip 48124A3X3) are expected to price Dec. 22 and settle Dec. 28.

J.P. Morgan Securities LLC is the agent.

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