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JPMorgan plans 5.25-year CDs linked to JPMorgan Efficiente Plus DS 5
By Marisa Wong
Morgantown, W.Va., Oct. 14 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Jan. 31, 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 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. Incapital LLC is distributor.
The CDs will price on Oct. 26 and settle on Oct. 31.
The Cusip number is 48126XHQ1.
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