JPMorgan plans CDs due 2023 with par floor tied to Mozaic Fixed Income

By Devika Patel

Knoxville, Tenn., Jan. 14 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Jan. 31, 2023 linked to the J.P. Morgan Mozaic Fixed Income Index (USD), according to a term sheet.

If the index return is positive, the payout at maturity will be par plus at least 150% of the index return. The exact participation rate will be set at pricing. If the index return is flat or negative, the payout will be par.

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

The CDs (Cusip: 48125YYH1) will price on Jan. 26 and settle Jan. 29.

© 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.