JPMorgan plans six-year CDs linked to JPMorgan Efficiente (USD) index

By Jennifer Chiou

New York, Feb. 1 - JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Feb. 16, 2016 linked to the JPMorgan Efficiente (USD) index, according to a term sheet.

The payout at maturity will be par plus at least 100% of any index gain, with the exact participation rate to be set at pricing.

Investors will receive at least par.

The index is a JPMorgan strategy that tracks the excess returns of a synthetic portfolio, selected from up to nine indexes, above the returns of the JPMorgan Cash Index USD 3 Month and offers exposure to a range of asset classes and geographic regions.

The CDs are expected to price on Feb. 23 and settle on Feb. 26.

J.P. Morgan Securities Inc. is the agent.

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