JPMorgan plans capped CDs due 2024 with par protection tied to the Dow

By Susanna Moon

Chicago, April 20 – JPMorgan Chase Bank, NA plans to price 0% capped quarterly observation certificates of deposit due Oct. 31, 2024 linked to the Dow Jones industrial average, according to a term sheet.

The payout at maturity will be par plus any index gain, up to a maximum return of at least 50%.

If the index falls, the payout will be par.

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

The CDs will price on April 25.

The Cusip number is 48126XQ81.

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