JPMorgan plans CDs due 2021 linked to JPMorgan Efficiente Plus DS 5

By Angela McDaniels

Tacoma, Wash., June 8 – JPMorgan Chase Bank, NA plans to price certificates of deposit due June 30, 2021 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 150% 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 June 25 and settle June 30.

The Cusip number is 48125YGH1.

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