JPMorgan plans CDs due 2026 linked to J.P. Morgan Efficiente Plus DS 5

By Marisa Wong

Morgantown, W.Va., July 13 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due July 31, 2026 linked to the J.P. Morgan Efficiente Plus DS 5 Index (Net ER), according to a term sheet.

If the index return is positive, the payout at maturity will be par plus 200% to 215% of the index return. The exact participation rate will be set at pricing. If the index return is flat or negative, the payout will be par.

The index is a notional dynamic basket that tracks the excess return of a portfolio of 19 exchange-traded funds, with dividends notionally reinvested, and the JPMorgan Cash Index USD 3 Month over the return of the cash index less a fee of 0.85% per annum that accrues daily.

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

The CDs will price on July 26 and settle on July 29.

The Cusip number is 48125Y6R0.

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