JPMorgan to price capped CDs linked to Dow Jones industrial average

By Angela McDaniels

Tacoma, Wash., Dec. 11 – JPMorgan Chase Bank, NA plans to price 0% capped certificates of deposit due June 26, 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 will price Dec. 21.

The Cusip number is 48126YUC5.

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