E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/23/2011 in the Prospect News Structured Products Daily.

JPMorgan plans 11-year fixed-to-floating notes on Consumer Price Index

By Susanna Moon

Chicago, March 23 - JPMorgan Chase & Co. plans to price fixed-to-floating notes due April 8, 2022 linked to the Consumer Price Index, according to an FWP 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 7.75%. 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.

The notes will price on April 5 and settle on April 8.

The Cusip is 48125XKM7.


© 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.