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JPMorgan plans 4.25-year CDs linked to J.P. Morgan Efficiente Plus DS
By Angela McDaniels
Tacoma, Wash., March 6 – JPMorgan Chase Bank, NA plans to price 0% 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.
If the index return is positive, the payout at maturity will be par plus 100% to 115% of the index return. The exact participation rate will be set at pricing. If the index return is flat or negative, the payout will be par.
J.P. Morgan Securities LLC is the agent. Incapital LLC is distributor.
The CDs will price March 28.
The Cusip number is 48126XZE8.
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