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JPMorgan Chase Bank to price 7.5-year capped CDs linked to the Dow
By Marisa Wong
Morgantown, W.Va., Oct. 19 – JPMorgan Chase Bank, NA plans to price 0% capped certificates of deposit due April 30, 2025 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 45% and will be set at pricing.
J.P. Morgan Securities LLC is the agent. Incapital LLC is distributor.
The CDs are expected to price Oct. 26.
The Cusip number is 48126YMF7.
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