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JPMorgan plans capped CDs on S&P 500 Low Volatility High Dividend
By Marisa Wong
Morgantown, W.Va., May 23 – JPMorgan Chase Bank, NA plans to price 0% capped certificates of deposit due May 31, 2023 linked to the S&P 500 Low Volatility High Dividend index, according to a term sheet.
The payout at maturity will be par plus any index gain, subject to a maximum return of 40% to 45%.
If the index falls, the payout will be par.
J.P. Morgan Securities LLC is the agent. Incapital LLC is the distributor.
The CDs will price on May 25 and settle on May 31.
The Cusip number is 48125YW75.
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