JPMorgan plans CDs due 2020 with floor tied to Optimax Market-Neutral

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 JPMorgan Optimax Market-Neutral index, according to a term sheet.

The payout at maturity will be par plus at least 125% 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 Feb. 25 and settle on Feb. 28.

The Cusip number is 48124JTB4.

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