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 2023 linked to JPMorgan Optimax Market-Neutral
By Susanna Moon
Chicago, April 12 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due April 28, 2023 linked to the JPMorgan Optimax Market-Neutral index, according to a term sheet.
The payout at maturity will be par plus 140% to 155% 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. Incapital LLC is the distributor.
The CDs will price on April 26 and settle on April 29.
The Cusip number is 48125YM76.
© 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.