JPMorgan plans to price five-year CDs linked to currency basket

By Marisa Wong

Madison, Wis., April 4 - JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due April 29, 2016 linked to a basket of currencies, according to a term sheet.

The basket contains equal weights of the Brazilian real, the Australian dollar, the Norwegian krone and the Canadian dollar.

The payout at maturity will be par plus at least 1.4 times the basket return, subject to a minimum return of 15%. The exact participation rate will be set at pricing.

The CDs (Cusip: 48123YXF8) are expected to price April 26 and settle April 29.

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

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