JPMorgan Chase Bank to price seven-year capped CDs linked to the Dow

By Marisa Wong

Morgantown, W.Va., April 23 – JPMorgan Chase Bank, NA plans to price 0% capped certificates of deposit due April 30, 2025 linked to the Dow Jones industrial average, according to a term sheet.

The payout at maturity will be par plus the index return, subject to a minimum payout of par and a maximum return that is expected to be at least 50% and will be set at pricing.

J.P. Morgan Securities LLC is the agent. Incapital LLC is distributor.

The CDs will price April 25.

The Cusip number is 48126Y4U4.

© 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.