Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers J > Headlines for JPMorgan Chase Bank, NA > News item |
JPMorgan plans CDs linked to JPMorgan Optimax Market-Neutral index
By Angela McDaniels
Tacoma, Wash., March 6 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due March 31, 2021 linked to the JPMorgan Optimax Market-Neutral index, according to a term sheet.
If the index return is positive, the payout at maturity will be par plus at least 120% of the index return. The exact participation rate will be set at pricing. If the index return is flat or negative, the payout will be par.
The level of the index reflects the deduction of a fee of 0.96% per year that accrues daily.
J.P. Morgan Securities LLC is the agent. Incapital LLC is distributor.
The CDs are expected to price March 26 and settle March 31.
The Cusip number is 48125T4J1.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.