JPMorgan plans 8.75% yield notes on 10-year U.S. dollar ICE Swap rate

By Devika Patel

Knoxville, Tenn., June 14 – JPMorgan Chase Financial Co. LLC plans to price 8.75% yield notes due June 22, 2017 linked to the 10-year U.S. dollar ICE Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Interest is payable quarterly.

The payout at maturity will be par unless the swap rate falls by more than 40%, in which case investors will lose 1% for each 1% decline in the swap rate from its initial level.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 46646EHF2) will price on June 17 and settle on June 22.

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