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Published on 4/23/2018 in the Prospect News Convertibles Daily.

Convertibles Calendar: JPMorgan to price

April 24

JPMorgan Chase Financial LLC:

• $600 million of five-year cash-settled equity-linked notes tied to Voya Financial Inc. stock

• Price talk for a coupon of 0% to 0.25% and an initial conversion premium of 30% to 35%

• J.P. Morgan Securities LLC is bookrunner

• Pricing after the market close on Tuesday

• Rule 144A

• Proceeds to be used for general corporate purposes

• JPMorgan Chase Financial is a subsidiary of JPMorgan Chase & Co., a New York-based banking and financial services holding company.

• Voya Financial is a New York-based investment and insurance company.


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