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JPMorgan plans seven-year CDs on TargetTracker: European Equities 20/8
By Susanna Moon
Chicago, Jan. 9 – JPMorgan Chase Bank, NA plans to price 0% certificates of deposit due Jan. 31, 2022 linked to the J.P. Morgan TargetTracker: European Equities 20/8 (EUR) Index, according to a term sheet.
The payout at maturity will be par plus at least 125% of any index gain.
If the index falls, the payout will be par.
J.P. Morgan Securities LLC is the agent. Incapital LLC is the distributor.
The CDs will price Jan. 27 and settle Jan. 30.
The Cusip number is 48125TQ40.
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