JPMorgan plans contingent interest CDs linked to Efficiente Plus DS 5

By Marisa Wong

Morgantown, W.Va., Oct. 14 – JPMorgan Chase Bank, NA plans to price certificates of deposit with contingent annual interest due Oct. 31, 2023 linked to the JPMorgan Efficiente Plus DS 5 index (Net ER), according to a term sheet.

The notes will pay contingent annual interest of between 1% and 1.5% per year if the index closes at or above the initial level on any annual review date.

The payout at maturity will be par plus any index gain.

If the index falls, the payout will be par.

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

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

The Cusip number is 48126XJG1.

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