JPMorgan plans CDs linked to J.P. Morgan Mozaic Index (USD)

By Angela McDaniels

Tacoma, Wash., Feb. 8 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Feb. 28, 2023 linked to the J.P. Morgan Mozaic Index (USD), according to a term sheet.

If the index return is positive, the payout at maturity will be par plus at least 125% 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.

The initial index level will be the index’s closing level on Feb. 25, the day after the pricing date.

The index tracks a dynamic, rules-based strategy offering notional exposure to a range of developed country government bond futures constituents and developed country equity index futures constituents and exposure to certain listed excess return indexes with the S&P GSCI commodity index group.

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

The CDs will price Feb. 24.

The Cusip number is 48125YZZ0.

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