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JPMorgan plans six-year CDs linked to JPMorgan ETF Efficiente 5
By Jennifer Chiou
New York, Nov. 7 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Nov. 30, 2020 linked to the JPMorgan ETF Efficiente 5 index, according to a term sheet.
The payout at maturity will be par plus at least 120% of any index gain.
If the index falls, the payout will be par.
The exact deal terms will be set at pricing.
The level of the index reflects the deduction of a fee of 0.5% that accrues daily.
The CDs (Cusip: 48125TE76) will price on Nov. 24 and settle on Nov. 28.
J.P. Morgan Securities LLC is the agent. Incapital LLC is the distributor.
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