JPMorgan plans six-year CDs tied to JPMorgan Optimax Market-Neutral

By Susanna Moon

Chicago, Oct. 3 - JPMorgan Chase Bank, NA plans to price certificates of deposit due Oct. 31, 2017 linked to the JPMorgan Optimax Market-Neutral index, according to a term sheet.

The payout at maturity will be par plus at least 110% of any index gain, with the exact participation rate to be set at pricing.

If the index falls, the payout will be par.

The index references the value of a synthetic portfolio of 18 commodity constituents, each of which is a sub-index of the S&P GSCI index and is intended to serve as a benchmark value for a particular commodity.

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

The CDs will price on Oct. 26 and settle on Oct. 31.

The Cusip number is 48123YS80.

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