Chicago, No 30 – JPMorgan Chase Financial Co. LLC priced $1 million of floating-rate notes due Oct. 26, 2023 linked to Consumer Price index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is equal to 1.05 times the CPI rate based on the Consumer Price index. The CPI rate is the difference between the CPI rate three months prior to the Oct. 23, 2023 determination date and the CPI rate 15 months prior to the determination date. Interest is payable monthly and cannot be less than 0%.
The payout at maturity will be par plus any interest.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Floating-rate notes
|
| Underlying: | Consumer Price index
|
| Amount: | $1 million
|
| Maturity: | Oct. 26, 2023
|
| Coupon: | 1.05 times year-over-year change in Consumer Price index, subject to a floor of 0%; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus any interest
|
| Pricing date: | Oct. 24, 2022
|
| Settlement date: | Oct. 27, 2022
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133PAP8
|
|
|
© 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.
