JPMorgan plans to price CDs due 2021 on S&P Economic Cycle Factor

By Sarah Lizee

Olympia, Wash., Dec. 5 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Dec. 31, 2021 linked to the S&P Economic Cycle Factor Rotator index, according to a term sheet.

The payout at maturity will be par plus 115% to 130% of any index gain.

If the index finishes flat or falls, the payout will be par.

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

The CDs will price Dec. 21.

The Cusip number is 48128FZ88.

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