JPMorgan plans capped CDs on S&P 500 Low Volatility High Dividend

By Marisa Wong

Morgantown, W.Va., July 13 – JPMorgan Chase Bank, NA plans to price 0% capped certificates of deposit due July 31, 2023 linked to the S&P 500 Low Volatility High Dividend index, according to a term sheet.

The payout at maturity will be par plus any index gain, subject to a maximum return of 30% to 40%.

If the index falls, the payout will be par.

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

The CDs will price on July 26 and settle on July 29.

The Cusip number is 48125Y5X8.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.