JPMorgan plans CDs due 2019 on JPMorgan Optimax Market-Neutral

By Toni Weeks

San Luis Obispo, Calif., June 9 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Dec. 31, 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 105% 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 June 25 and settle on June 30.

The Cusip number is 48125TPJ8.

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