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JPMorgan plans certificates of deposit linked to Mozaic Fixed Income
By Jennifer Chiou
New York, April 4 - JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due April 30, 2020 linked to the J.P. Morgan Mozaic Fixed Income Index (USD), according to a term sheet.
The payout at maturity will be par plus at least 125% of any index gain.
If the index falls, the payout will be par.
The exact deal terms will be set at pricing.
The notes (Cusip: 48124JYJ1) are expected to price on April 25 and settle on April 30.
J.P. Morgan Securities LLC is the agent. Incapital LLC is the distributor.
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