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JPMorgan plans six-year CDs linked to JPMorgan ETF Efficiente 5 index
By Marisa Wong
Madison, Wis., Jan. 3 - JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Jan. 31, 2020 linked to the JPMorgan ETF Efficiente 5 index, according to a term sheet.
If the index return is positive, the payout at maturity will be par plus at least 125% 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.
J.P. Morgan Securities LLC is the agent. Incapital LLC is distributor.
The CDs will price Jan. 28 and settle Jan. 31.
The Cusip number is 48125TCP8.
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