JPMorgan plans CDs due 2020 with floor linked to ETF Efficiente 5

By Susanna Moon

Chicago, March 4 - JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due March 31, 2020 linked to the JPMorgan ETF Efficiente 5 index, according to a term sheet.

The payout at maturity will be par plus at least 100% of any index gain.

If the index falls, the payout will be par.

The exact deal terms will be set at pricing.

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

The CDs will price on March 25 and settle on March 28.

The Cusip number is 48124JVF2.

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