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JPMorgan plans CDs due 2019 linked to Optimax Market-Neutral
By Jennifer Chiou
New York, July 8 - JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Jan. 31, 2019 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.
If the index falls, the payout will be par.
The CDs (Cusip: 48124JP28) are expected to price on July 26 and settle on July 31.
J.P. Morgan Securities LLC is the agent. Incapital LLC is the distributor.
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