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JPMorgan plans seven-year CDs linked to JPMorgan Efficiente Plus DS 5
By Susanna Moon
Chicago, Nov. 10 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Nov. 30, 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 1.25% and 1.75% 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 Nov. 22 and settle on Nov. 30.
The Cusip number is 48126XMU6.
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