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JPMorgan plans CDs due 2021 linked to JPMorgan Optimax Market-Neutral
By Toni Weeks
San Luis Obispo, Calif., May 8 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due May 28, 2021 linked to the JPMorgan Optimax Market-Neutral index, 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.
J.P. Morgan Securities LLC is the agent. Incapital LLC is the distributor.
The CDs will price May 26 and settle May 29.
The Cusip number is 48125YCZ5.
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