JPMorgan plans to price floating-rate notes linked to 30-year CMS rate

By Marisa Wong

Madison, Wis., Feb. 20 - JPMorgan Chase & Co. plans to price floating-rate notes due March 6, 2024 linked to the 30-year Constant Maturity Swap rate, according to an FWP filing with the Securities and Exchange Commission.

The interest rate will be the 30-year CMS rate times 75%, 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.

The notes will price on March 3 and settle on March 6.

The Cusip number is 48126NUH8.

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