By Marisa Wong
Madison, Wis., Feb. 19 - JPMorgan Chase & Co. priced $23.08 million of floating-rate notes due Feb. 20, 2024 linked to the 10-year Constant Maturity Swap rate, according to an FWP filing with the Securities and Exchange Commission.
The interest rate will be the 10-year CMS rate times 81%, subject to a minimum rate of 2% per year. Interest will be payable quarterly.
The payout at maturity will be par.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Floating-rate notes
|
| Amount: | $23.08 million
|
| Maturity: | Feb. 20, 2024
|
| Coupon: | 10-year CMS rate times 81%, subject to a minimum of 2% per year; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Feb. 14
|
| Settlement date: | Feb. 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.495%
|
| Cusip: | 48126NUB1
|
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