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Published on 6/14/2012 in the Prospect News Structured Products Daily.

JPMorgan Chase Bank updates amount of 2026 CDs to be redeemed June 25

By Marisa Wong

Madison, Wis., June 14 - JPMorgan Chase Bank, NA rescinded its previous notice of full redemption of its callable variable-rate certificates of deposit due June 24, 2026 linked to six-month Libor.

JPMorgan issued a new notice stating that it will redeem all $17,375,000 of the CDs (Cusip: 48123YB70). The outstanding principal amount of the CDs was updated from $17,415,000.

The CDs will be redeemed on June 25 at par plus an applicable premium.


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