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Prospect News home > News index > List of issuers J > Headlines for J.P. Morgan Mozaic Fixed Income index > News item |
JPMorgan plans CDs due 2018 with par floor tied to Mozaic Fixed Income
By Susanna Moon
Chicago, Sept. 5 - JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Dec. 31, 2018 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 105% 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 Sept. 25 and settle on Sept. 30.
The Cusip number is 48124J2V9.
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