New Issue: JPMorgan prices $310,000 more 10-year fixed-to-floating notes on CPI

By Jennifer Chiou

New York, March 2 - JPMorgan Chase & Co. priced another $310,000 of fixed-to-floating notes due Feb. 25, 2021 linked to the Consumer Price Index, adding to the original $71.23 million of securities, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 4% for the first two years. After that, the rate will be equal to the year-over-year change in the Consumer Price Index plus 200 basis points, up to a maximum rate of 8%. Interest is payable monthly and cannot be less than zero.

The payout at maturity will be par.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Fixed-to-floating notes
Underlying index:	Consumer Price Index
Amount:	$71,535,000 (up from $71,225,000)
Maturity:	Feb. 25, 2021
Coupon:	4% for two years; thereafter, year-over-year change in CPI plus 200 bps, capped at 8%; payable monthly
Price:	Variable
Payout at maturity:	Par
Pricing date:	Feb. 22 for $71,225,000; Feb. 28 for reopened notes
Settlement date:	Feb. 25 for $71,225,000; March 3 for reopened notes
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48125XEH5

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