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JPMorgan to price six-year CDs on S&P Economic Cycle Factor
By Sarah Lizee
Olympia, Wash., July 23 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due July 31, 2025 linked to the S&P Economic Cycle Factor Rotator index, according to a term sheet.
The payout at maturity will be par plus 175% to 190% 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 July 26.
The Cusip number is 48128HL89.
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