JPMorgan to price capped CDs linked to Dow Jones industrial average

By Angela McDaniels

Tacoma, Wash., May 15 – JPMorgan Chase Bank, NA plans to price 0% capped certificates of deposit due Nov. 29, 2024 linked to the Dow Jones industrial average, according to a term sheet.

The payout at maturity will be par plus the index return, subject to a minimum payout of par and a maximum return that is expected to be at least 48% and will be set at pricing.

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

The CDs will price May 25.

The Cusip number is 48126X2Y0.

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