JPMorgan Chase Bank to price seven-year CDs linked to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., May 15 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due May 30, 2025 linked to the Euro Stoxx 50 index, according to a term sheet.

The payout at maturity will be par plus at least 170% of the index return, subject to a minimum payout of par. The exact participation rate will be set at pricing.

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

The CDs will price May 29.

The Cusip number is 48128FAN2.

© 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.