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

By Toni Weeks

San Luis Obispo, Calif., July 3 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due July 31, 2019 linked to a basket of equally weighted currencies relative to the U.S. dollar, according to a term sheet.

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

The payout at maturity will be par plus at least 100% of the basket return, with a minimum return of 4%. The exact participation rate will be set at pricing.

The CDs will price July 28 and settle July 31.

The Cusip is 48125TRN7.

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

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