JPMorgan plans capped CDs due 2021 linked to basket of three indexes

By Toni Weeks

San Luis Obispo, Calif., April 4 - JPMorgan Chase Bank, NA plans to price 0% capped certificates of deposit due Oct. 29, 2021 linked to a basket of three equally weighted indexes, according to a term sheet.

The basket components are the S&P 500 index, the Euro Stoxx 50 index and the Nikkei 225 index.

The payout at maturity will be par plus at least 100% of any basket gain.

If the basket falls, the payout will be par.

The exact deal terms will be set at pricing.

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

The CDs will price April 25 and settle April 30.

The Cusip number is 48125TKS3.

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