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Prospect News home > News index > List of issuers J > Headlines for JPMorgan Chase Bank, NA > News item |
JPMorgan plans CDs due 2020 with floor linked to Mozaic Fixed Income
By Toni Weeks
San Luis Obispo, Calif., Feb. 4 - JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Feb. 28, 2020 linked to the J.P. Morgan Mozaic Fixed Income Index (USD), according to a term sheet.
The payout at maturity will be par plus at least 105% of any index gain. The exact participation rate will be set at pricing.
If the index falls, the payout will be par.
J.P. Morgan Securities LLC is the agent. Incapital LLC is the distributor.
The CDs will price on Feb. 25 and settle on Feb. 28.
The Cusip number is 48124JUB2.
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