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JPMorgan plans to price CDs linked to JPMorgan ETF Efficiente 5 index
By Angela McDaniels
Tacoma, Wash., March 5 - JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due March 31, 2020 linked to the JPMorgan ETF Efficiente 5 index, according to a term sheet.
If the index return is positive, the payout at maturity will be par plus at least 110% of the index return. The exact participation rate will be set at pricing. If the index return is flat or negative, the payout will be par.
J.P. Morgan Securities LLC is the agent. Incapital LLC is distributor.
The CDs are expected to price March 26 and settle March 31.
The fees are expected to be 3% to 3.5%.
The Cusip number is 48125THU2.
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