Chicago, Dec. 4 – JPMorgan Chase Financial Co LLC priced $50 million of floating-rate notes due Dec. 30, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly. The interest rate is the one-year U.S. dollar SOFR ICE swap rate plus 70 basis points, subject to a minimum interest rate of zero.
The payout at maturity will be par plus any accrued interest.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Floating-rate notes
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Amount: | $50 million
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Maturity: | Dec. 30, 2024
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Price: | Par
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Coupon: | One-year U.S. dollar SOFR ICE swap rate plus 70 bps with floor of zero, payable quarterly
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Payout at maturity: | Par plus any interest
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Pricing date: | Nov. 28
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Settlement date: | Nov. 30
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Underwriter: | J.P. Morgan Securities LLC
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Fees: | 0.05%
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Cusip: | 48133WV47
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