By Wendy Van Sickle
Columbus, Ohio, Feb. 28 – JPMorgan Chase Financial Co LLC priced $29.05 million of floating-rate notes due Feb. 27, 2064, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly. The interest rate is the SOFR plus 10 basis points, subject to a minimum interest rate of zero.
The payout at maturity will be par plus any accrued interest.
The notes will be putable annually on Feb. 27 starting in 2027 at 97, then at 98 in 2029, 99 in 2031 and at par starting in 2033.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Floating-rate notes
|
Amount: | $29.05 million
|
Maturity: | Feb. 27, 2064
|
Price: | Par
|
Coupon: | SOFR plus 10 bps with floor of zero, payable quarterly
|
Put option: | Annually on Feb. 27 starting in 2027 at 97, then at 98 in 2029, 99 in 2031 and at par starting in 2033
|
Payout at maturity: | Par plus any interest
|
Pricing date: | Feb. 22
|
Settlement date: | Feb. 27
|
Underwriter: | J.P. Morgan Securities LLC
|
Fees: | 1%
|
Cusip: | 48133W3U0
|
|
© 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.