JPMorgan plans CDs on J.P. Morgan Alternative Multi-Strategy 5 index

By Toni Weeks

San Diego, April 7 - JPMorgan Chase Bank, NA plans to price certificates of deposit due April 29, 2016 linked to the J.P. Morgan Alternative Index Multi-Strategy 5 (USD), according to a term sheet.

The payout at maturity will be par plus at least 110% of any index gain, with the exact participation rate to be set at pricing.

If the index falls, the payout will be par.

The index tracks the return of 26 alternative investment strategies and is based on the theory that returns may be generated from capturing inefficiencies or trends in market prices of multiple asset classes. The index rebalances monthly and seeks to cap its target volatility at 5%.

The CDs (Cusip: 48123YWU6) are expected to price April 26 and settle April 29.

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

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