JPMorgan talks $500 million 0.5% equity-linked notes due 2027 tied to Boeing at 105, up 50%

By Abigail W. Adams

Portland, Me., June 23 – JPMorgan Chase Financial Co. LLC plans to price a $500 million offering of five-year cash-settled equity-linked notes tied to the Boeing Co. after the market close on Thursday with price talk for a fixed coupon of 0.5%, a fixed conversion premium of 50% and an offer price of 105, according to a market source.

JPMorgan Chase & Co. is the guarantor of the notes, according to details of the offering in a 424B2 filing with the Securities and Exchange Commission.

J.P. Morgan Securities LLC is the bookrunner for the SEC-registered offering.

The notes, which mature June 15, 2027, are non-callable and have no put features.

There is dividend protection starting at $0.

The reference share price will be Boeing’s volume-weighted average share price on Friday.

JPMorgan Chase is a New York-based multinational investment bank.

Boeing is an Arlington, Va.-based aircraft, rocket and satellite designer and manufacturer.

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