New Issue: JPMorgan prices $8.5 million five-year capped floaters tied to Libor

By Jennifer Chiou

New York, Oct. 28 - JPMorgan Chase & Co. priced $8.5 million of capped floating-rate notes due Oct. 29, 2015 linked to Libor, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 2% for the first two years. After that, interest will be Libor plus 50 basis points, up to a maximum rate of 6%. 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:	Capped floating-rate notes
Amount:	$8.5 million
Maturity:	Oct. 29, 2015
Coupon:	2% for two years; thereafter, Libor plus 50 bps, capped at 6%, floor of 0%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Oct. 26
Settlement date:	Oct. 29
Agent:	J.P. Morgan Securities LLC
Fees:	1.306%, including 0.476% for selling concessions
Cusip:	48124AU62

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