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JPMorgan plans seven-year CDs linked to JPMorgan Efficiente Plus DS 5
By Susanna Moon
Chicago, Aug. 9 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Aug. 31, 2023 linked to the JPMorgan Efficiente Plus DS 5 index (Net ER), according to a term sheet.
The payout at maturity will be par plus 140% to 155% 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 Aug. 26 and settle on Aug. 31.
The Cusip number is 48126XBR5.
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