JPMorgan to price five-year CDs linked to BRIC currency basket

By Jennifer Chiou

New York, Nov. 7 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Nov. 29, 2019 linked to a basket of equally weighted currencies relative to the dollar, according to a term sheet.

The underlying currencies are the Brazilian real, the Russian ruble, the Indian rupee and the Chinese renminbi.

The payout at maturity will be par plus at least 100% of any basket gain.

If the basket falls, the payout will be par plus the return with a minimum return of 4%.

The CDs (Cusip: 48125TG82) will price on Nov. 24 and settle on Nov. 28.

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

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