JPMorgan plans 6.5% to 8% yield notes on U.S. dollar ICE swap rate

By Wendy Van Sickle

Columbus, Ohio, May 3 – JPMorgan Chase & Co. plans to price yield notes due May 22, 2017 linked to the 10-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly at 6.5% to 8% per annum, with the exact rate to be set at pricing.

The payout at maturity will be par unless the reference rate falls by more than the 30% buffer, in which case investors will lose 1% for every 1% beyond the buffer.

J.P. Morgan Securities LLC is the agent.

The notes are will price on May 16 and settle on May 19.

The Cusip number is 48128GXS4.

© 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.