JPMorgan plans income CDs with 0.75% floor, no cap tied to Efficiente

By Susanna Moon

Chicago, Aug. 21 – JPMorgan Chase Bank, NA plans to price variable income certificates of deposit with variable annual income due Aug. 30, 2024 linked to the JPMorgan Efficiente Plus DS 5 index (Net ER), according to a term sheet.

The CDs will pay annual interest based on the index return, with a minimum coupon of 0.75%.

The payout at maturity will be par.

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

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

The Cusip number is 48126YEQ2.

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