New Issue: JPMorgan prices $4.93 million five-year range accrual floating-rate notes

By Toni Weeks

San Luis Obispo, Calif., July 23 - JPMorgan Chase & Co. priced $4.93 million of range accrual floating-rate notes due July 24, 2018, according to an FWP filing with the Securities and Exchange Commission.

Interest will accrue at Libor plus 100 basis points for each day that Libor is 5.75% or less. Interest is payable quarterly and cannot be less than zero.

The payout at maturity will be par.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Range accrual notes
Amount:	$4,925,000
Maturity:	July 24, 2018
Coupon:	Libor plus 100 bps for each day that Libor is 5.75% or less, subject to minimum rate of zero; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	July 19
Settlement date:	July 24
Agent:	J.P. Morgan Securities LLC
Fees:	0.5%
Cusip:	48126D5S4

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