JPMorgan to price CDs linked to JPMorgan Asia-Pacific Equity index

By Angela McDaniels

Tacoma, Wash., Feb. 3 - JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Aug. 31, 2018 linked to the JPMorgan Asia-Pacific Equity Rotator 5 index, according to an Incapital LLC website.

The payout at maturity will be par plus any appreciation in the index compared to the initial index level. Investors will receive at least par.

The index is a notional rules-based proprietary index that tracks the excess return of a synthetic portfolio exposed to the Asian-Pacific region. Up to five constituents are chose from 11 Asia-Pacific equity indexes and an equity futures tracker and, if fewer than five equity constituents have been selected, the J.P. Morgan U.S. Treasury Notes Futures Tracker. The strategy uses a 5% volatility budgeting approach above the return of the JPMorgan Chase Index USD 3 Month.

The CDs (Cusip: 48123Y5W2) will price Feb. 22 and settle Feb. 29.

J.P. Morgan Securities LLC is the agent. Incapital is the distributor.

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