Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers J > Headlines for JPMorgan Chase Bank, NA > News item |
JPMorgan plans CDs due 2020 with floor linked to ETF Efficiente 5
By Susanna Moon
Chicago, April 1 - JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due April 30, 2020 linked to the JPMorgan ETF Efficiente 5 index, according to a term sheet.
The payout at maturity will be par plus at least 100% of any index gain.
If the index falls, the payout will be par.
The exact deal terms will be set at pricing.
J.P. Morgan Securities LLC is the agent. Incapital LLC is the distributor.
The CDs will price on April 25 and settle on April 30.
The Cusip number is 48124JXU7.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.