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

By Marisa Wong

Madison, Wis., Sept. 8 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Sept. 30, 2020 linked to the JPMorgan ETF Efficiente 5 index, according to a term sheet.

The payout at maturity will be par plus at least 115% of any index gain.

If the index falls, the payout will be par.

The exact deal terms will be set at pricing.

The level of the index reflects the deduction of a fee of 0.5% that accrues daily.

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

The CDs are expected to price on Sept. 25 and settle on Sept. 30.

The Cusip number is 48125TWT8.

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