JPMorgan plans variable income CDs due 2025 on Efficiente Plus DS 5

By Marisa Wong

Morgantown, W.Va., Jan. 11 – JPMorgan Chase Bank, NA plans to price variable annual income certificates of deposit with due Jan. 31, 2025 linked to the J.P. Morgan Efficiente Plus DS 5 index (Net ER), according to a term sheet.

Interest will be payable annually at a rate equal to the index return on the applicable annual review date, subject to a minimum coupon of zero and a maximum coupon of at least 6.25%.

The payout at maturity will be par plus the last coupon payment.

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

The CDs are expected to price Jan. 26.

The Cusip number is 48126YWC3.

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