JPMorgan to price seven-year CDs on JPMorgan ETF Efficiente 5 index

By Toni Weeks

San Luis Obispo, Calif., Feb. 4 - JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Feb. 28, 2020 linked to the JPMorgan ETF Efficiente 5 index, according to a term sheet.

The index tracks the excess return of a portfolio of 12 exchange-traded funds, with dividends reinvested, and the JPMorgan Cash Index USD 3 Month above the return of the cash index.

The payout at maturity will be par plus at least 100% of the index return. The exact participation rate will be determined at pricing. If the index falls, investors will receive par.

The CDs (Cusip: 48124JTE8) are expected to price Feb. 25 and settle Feb. 28.

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

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