By Devika Patel
Knoxville, Tenn., June 10 – JPMorgan Chase Financial Co. LLC priced $3.9 million of 7.75% annualized yield notes due Dec. 13, 2016 linked to the 10-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest is payable quarterly.
The payout at maturity will be par unless the rate falls by more than 20%, in which case investors will lose 1.25% for each 1% drop beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Yield notes
|
| Underlying: | 10-year U.S. dollar ICE swap rate
|
| Amount: | $3.9 million
|
| Maturity: | Dec. 13, 2016
|
| Coupon: | 7.75%, payable quarterly
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par unless the rate falls by more than 20%, in which case 1.25% loss for each 1% drop beyond 20%
|
| Initial rate: | 1.579%
|
| Pricing date: | June 8
|
| Settlement date: | June 13
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 46646EGM8
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
