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JPMorgan plans CDs due 2019 with floor tied to Mozaic Fixed Income
By Susanna Moon
Chicago, June 5 - JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Dec. 31, 2019 linked to the J.P. Morgan Mozaic Fixed Income index, according to a term sheet.
The payout at maturity will be par plus at least 125% 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 June 25 and settle on June 28.
The Cusip number is 48124JH76.
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