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JPMorgan to price four-year CDs on S&P Economic Cycle Factor
By Marisa Wong
Morgantown, W.Va., Feb. 20 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Feb. 28, 2023 linked to the S&P Economic Cycle Factor Rotator index, according to a term sheet.
The payout at maturity will be par plus 145% to 160% of any index gain.
If the index finishes flat or falls, the payout will be par.
J.P. Morgan Securities LLC is the agent. Advisors Asset Management is distributor.
The CDs will price Feb. 25.
The Cusip number is 48128HDW5.
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