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JPMorgan plans capped buffered return notes on iShares MSCI EAFE
By Susanna Moon
Chicago, Sept. 28 - JPMorgan Chase & Co. plans to price 0% capped buffered return enhanced notes due April 30, 2014 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 gain in the fund, up to a maximum return of 17% to 21%. The exact cap will be set at pricing.
Investors will receive par if the shares fall by up to 10% and will lose 1% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the underwriter.
The notes will price on Oct. 26 and settle on Oct. 31.
The Cusip number is 48126DBE8.
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