JPMorgan plans CDs due 2020 linked to Optimax Market-Neutral

By Jennifer Chiou

New York, April 4 - JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due April 30, 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.

The CDs (Cusip: 48124JXQ6) are expected to price on April 25 and settle on April 30.

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

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