JPMorgan plans to price contingent coupon CDs linked to stock basket

By Marisa Wong

Madison, Wis., July 6 - JPMorgan Chase Bank, NA plans to price contingent coupon certificates of deposit due July 29, 2016 linked to an equally weighted basket of 10 stocks, according to a term sheet.

The basket includes the common stocks of Abbott Laboratories, Altria Group, Inc., Amazon.com, Inc., Bristol-Myers Squibb Co., Campbell Soup Co., Dow Chemical Co., Goldcorp Inc., Qualcomm Inc. and Wells Fargo & Co. and the class B common stock of Berkshire Hathaway Inc.

Interest is payable in July of each year and will equal the sum of the weighted performances of the basket stocks, subject to a minimum coupon of between 0.5% and 1%. The return of each stock can be positive or negative and will be subject to a cap of at least 8%. The exact minimum coupon and cap will be set at pricing.

The payout at maturity will be par.

The CDs (Cusip: 48123YMM5) are expected to price on July 27 and settle July 30.

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

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