JPMorgan plans 1.25% CDs with minimum payout on Efficiente Plus DS 5

By Marisa Wong

Morgantown, W.Va., Feb. 13 – JPMorgan Chase Bank, NA plans to price certificates of deposit due Feb. 29, 2024 linked to the J.P. Morgan Efficiente Plus DS 5 Index (Net ER), according to a term sheet.

The CDs will pay a coupon annually for the first six years of the term of the CDs. The interest rate is expected to be at least 1.25% per year.

The payout at maturity will be par plus at least 100% of the index return, subject to a minimum payout of 101.25% of par.

The exact interest rate and participation rate will be set at pricing.

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

The CDs will price Feb. 23.

The Cusip number is 48126XXB6.

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