JPMorgan plans CDs due 2019 on JPMorgan Optimax Market-Neutral

By Marisa Wong

Madison, Wis., May 5 - JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Nov. 29, 2019 linked to the JPMorgan Optimax Market-Neutral index, according to a term sheet.

If the index return is positive, the payout at maturity will be par plus at least 120% of the index return. The exact participation rate will be set at pricing. If the index return is flat or negative, the payout will be par.

The index level reflects a fee of 0.96% that accrues daily.

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

The CDs will price on May 27 and settle on May 30.

The Cusip number is 48125TMN2.

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