By Angela McDaniels
Tacoma, Wash., May 15 - JPMorgan Chase & Co. priced $2.22 million of floating-rate notes due May 16, 2024 linked to the 30-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 75% of the 30-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: | $2.22 million
|
| Maturity: | May 16, 2024
|
| Coupon: | 75% of 30-year CMS rate, subject to minimum interest rate of 2% per year; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | May 13
|
| Settlement date: | May 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48126N6G7
|
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