JPMorgan plans to price contingent coupon CDs linked to stock basket

By Angela McDaniels

Tacoma, Wash., Sept. 8 - JPMorgan Chase Bank, NA plans to price contingent coupon certificates of deposit due Sept. 30, 2015 linked to an equally weighted basket of common stocks, according to a term sheet.

The basket includes Altria Group, Inc., Amazon.com, Inc., Anheuser-Busch InBev SA/NV, Barrick Gold Corp., GlaxoSmithKline plc, HSBC Holdings, plc, McDonald's Corp., Panasonic Corp., Vodafone Group plc and Wal-Mart Stores, Inc.

Interest is payable in March and September of each year and will equal the sum of the weighted returns of the basket stocks, subject to a minimum of zero. The return of each stock will be subject to a cap of 3% to 4% and a floor of negative 15%, with the exact cap to be set at pricing.

The payout at maturity will be par.

The CDs (Cusip: 48123YPP5) are expected to price Sept. 27 and settle Sept. 30.

J.P. Morgan Securities Inc. is the agent.

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