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JPMorgan plans CDs due 2019 linked to JPMorgan Efficiente Plus DS 5
By Angela McDaniels
Tacoma, Wash., March 6 – JPMorgan Chase Bank, NA plans to price certificates of deposit due Sept. 30, 2019 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 at least 100% of the index return, subject to a minimum payout of par. The exact participation rate will be set at pricing.
The index is a notional dynamic basket that tracks the excess return of a portfolio of 19 exchange-traded funds and one exchange-traded note, in each case with distributions notionally reinvested, and the JPMorgan Cash Index USD 3 Month over the return of the cash index less a fee of 0.85% per annum that accrues daily, while targeting a specific volatility on a daily basis.
J.P. Morgan Securities LLC is the agent. Incapital LLC is distributor.
The CDs will price March 26 and settle March 31.
The Cusip number is 48125T3Z6.
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