JPMorgan plans six-year CDs on JPMorgan Asia-Pacific Equity Rotator

By Susanna Moon

Chicago, Nov. 2 - JPMorgan Chase Bank, NA plans to price certificates of deposit due Nov. 28, 2017 linked to the JPMorgan Asia-Pacific Equity Rotator 5 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.

If the index falls, the payout will be par.

The underlying index is a notional rules-based proprietary index that tracks the excess return of a synthetic portfolio of up to five constituents that are each an Asia-Pacific equity index or a futures tracker and, if fewer than five constituents have been selected, the J.P. Morgan U.S. Treasury Notes Futures Tracker above the return of the JPMorgan Cash Index USD 3 Month.

The CDs will price on Nov. 22 and settle on Nov. 30.

The Cusip number is 48123YZ33.

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

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