JPMorgan to price six-year CDs linked to JPMorgan ETF Efficiente 5

By Toni Weeks

San Diego, Jan. 4 - JPMorgan Chase Bank, NA plans to price certificates of deposit due Jan. 31, 2018 linked to the JPMorgan ETF Efficiente 5 index, according to a term sheet.

The payout at maturity will be par plus at least 100% of any index gain, with the exact participation rate to be set at pricing.

If the index falls, the payout will be par.

The index tracks the excess return of a portfolio of 12 exchange-traded funds, with dividends reinvested, and the JPMorgan Cash Index USD 3 Month above the return of the cash index.

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

The CDs will price on Jan. 26 and settle on Jan. 31.

The Cusip is 48123Y4N3.

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