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Prospect News home > News index > List of issuers J > Headlines for JPMorgan Chase Bank, NA > News item |
JPMorgan plans CDs due 2022 linked to JPMorgan Efficiente Plus DS 5
By Angela McDaniels
Tacoma, Wash., Feb. 8 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Feb. 28, 2022 linked to the JPMorgan Efficiente Plus DS 5 index (Net ER), according to a term sheet.
The payout at maturity will be par plus at least 125% 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, with dividends 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.
J.P. Morgan Securities LLC is the agent. Incapital LLC is distributor.
The CDs will price Feb. 24.
The Cusip number is 48125YZU1.
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