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Prospect News home > News index > List of issuers J > Headlines for J.P. Morgan Efficiente Plus DS 5 Index (Net ER) > News item |
JPMorgan plans 0.85%-6% seven-year income CDs tied to Efficiente Plus
By Susanna Moon
Chicago, July 18 – JPMorgan Chase Bank, NA plans to price certificates of deposit with variable annual income due July 31, 2024 linked to the JPMorgan Efficiente Plus DS 5 index (Net ER), according to a term sheet.
The CDs will pay annual interest based on the index return, with a minimum coupon of 0.85% and a maximum rate of 6%.
The payout at maturity will be par plus the coupon.
J.P. Morgan Securities LLC is the agent. Incapital LLC is distributor.
The CDs will price on July 26 and settle on July 31.
The Cusip number is 48126YCG6.
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