JPMorgan plans annual income contingent coupon notes on ETF Efficiente

By Susanna Moon

Chicago, March 25 - JPMorgan Chase & Co. plans to price annual income contingent coupon notes due April 30, 2020 linked to the JPMorgan ETF Efficiente 5 index, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable annually at a rate based on the index performance, with a minimum rate of zero.

The payout at maturity 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 less a fee of 0.5% per year that accrues daily.

J.P. Morgan Securities LLC is the agent.

The notes will price on April 19 and settle on April 26.

The Cusip number is 48126DF46.

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