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JPMorgan plans 1.75-year CDs tied to J.P. Morgan Efficiente Plus DS 5
By Sarah Lizee
Olympia, Wash., March 20 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Dec. 31, 2020 linked to the J.P. Morgan Efficiente Plus DS 5 index (Net ER), according to a term sheet.
The payout at maturity will be par plus 100% to 115% of any index gain, with the exact participation rate to be set at pricing.
If the index falls, the payout will be par.
J.P. Morgan Securities LLC is the agent. Advisors Asset Management is distributor.
The CDs will price March 29.
The Cusip number is 48128HLT3.
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