By Angela McDaniels
Tacoma, Wash., May 6 - JPMorgan Chase & Co. priced $5 million of floating-rate notes due May 7, 2021 linked to the 10-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 70% of the 10-year CMS rate, subject to a minimum coupon of 2% per year. Interest is 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: | $5 million
|
| Maturity: | May 7, 2021
|
| Coupon: | 70% of 10-year CMS rate, subject to minimum interest rate of 2% per year; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | May 2
|
| Settlement date: | May 7
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48126N6C6
|
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