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JPMorgan to price CDs on JPMorgan Alternative Index Multi-Strategy
By Susanna Moon
Chicago, Dec. 6 - JPMorgan Chase Bank, NA plans to price certificates of deposit due Dec. 29, 2017 linked to the J.P. Morgan Alternative Index Multi-Strategy 5, according to distributor Incapital LLC.
The payout at maturity will be par plus at least 100% of any index gain, with the exact participation rate to be set at pricing.
If the index falls, the payout will be par.
J.P. Morgan Securities LLC is the agent.
The CDs will price on Dec. 20 and settle on Dec. 30.
The Cusip number is 48123Y2S4.
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