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

By Susanna Moon

Chicago, Oct. 6 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Oct. 31, 2019 linked to a basket of equally weighted currencies relative to the U.S. dollar, according to a term sheet.

The underlying currencies are the Brazilian real, the Russian ruble, the Indian rupee and the Chinese renminbi.

The payout at maturity will be par plus at least 100% of any basket gain.

If the basket falls, the payout will be par plus the return with a minimum return of 4%.

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

The CDs will price on Oct. 28 and settle on Oct. 31.

The Cusip is 48125TZS7.

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