New Issue: JPMorgan prices $19.86 million floaters linked to 30-year CMS rate

By Jennifer Chiou

New York, March 27 - JPMorgan Chase & Co. priced $19,855,000 of floating-rate notes due March 28, 2024 linked to the 30-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be equal to the 30-year CMS rate times 75%, with a minimum coupon of 2%. 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:	$19,855,000
Maturity:	March 28, 2024
Coupon:	30-year CMS rate times 75%, floor of 2% per year; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	March 25
Settlement date:	March 28
Agent:	J.P. Morgan Securities LLC
Fees:	1.371%
Cusip:	48126N5N3

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