JPMorgan Chase Bank plans CDs due 2019 linked to BRIC currencies

By Marisa Wong

Madison, Wis., Aug. 2 - JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Aug. 30, 2019 linked to a basket of currencies relative to the dollar, according to a term sheet.

The basket includes equal weights of the Brazilian real, the Russian ruble, the Indian rupee and the Chinese renminbi.

The payout at maturity will be par plus at least 115% of the basket gain, subject to a minimum return of 6%.

The CDs (Cusip: 48124JY69) are expected to price on Aug. 27 and settle on Aug. 30.

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

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