JPMorgan plans notes due 2020 linked to ETF Efficiente 5 index

By Marisa Wong

Madison, Wis., Feb. 4 - JPMorgan Chase & Co. plans to price 0% notes due Feb. 28, 2020 linked to the JPMorgan ETF Efficiente 5 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 145% of any index gain. The exact participation rate will be set at pricing.

If the index falls, the payout will be par.

The index tracks the excess return of a portfolio of 12 exchange-traded funds, with dividends reinvested, and the JPMorgan Cash Index USD 3 Month above the return of the cash index less a fee of 0.5% per year that accrues daily.

The notes (Cusip: 48126N3B1) are expected to price Feb. 25 and settle Feb. 28.

J.P. Morgan Securities LLC is the agent.

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