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JPMorgan to price CDs linked to JPMorgan Efficiente (USD) index
By Susanna Moon
Chicago, June 1 - JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due June 30, 2015 linked to the JPMorgan Efficiente (USD) index, according to a term sheet.
The payout at maturity will be par plus at least 100% of any index gain, with the exact participation rate to be set at pricing.
Investors will receive at least par.
The CDs are expected to price on June 25 and settle on June 30.
J.P. Morgan Securities Inc. is the agent.
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