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JPMorgan plans CDs due 2018 with par floor on Optimax Market-Neutral
By Susanna Moon
Chicago, March 7 - JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due March 29, 2018 linked to the JPMorgan Optimax Market-Neutral index, according to a term sheet.
The payout at maturity will be par plus at least 100% 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 March 26 and settle on March 31.
The Cusip number is 48125TGX7.
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