By Wendy Van Sickle
Columbus, Ohio, Nov. 21 – JPMorgan Chase Financial Co. LLC priced $10.88 million of floating rate notes due May 16, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest will be equal to the year-over-year change in the Consumer Price Index, subject to a floor of 0%. Interest will be reset and payable monthly.
The payout at maturity will be par plus accrued interest.
J.P. Morgan Securities Inc. is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Floating rate notes
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Amount: | $10,884,000
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Maturity: | May 16, 2025
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Coupon: | Year-over-year change in CPI, floor of 0%; reset and payable monthly
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Price: | Par
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Payout at maturity: | Par
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Pricing date: | Nov. 15
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Settlement date: | Nov. 17
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Underwriter: | J.P. Morgan Securities Inc.
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Fees: | 1.6863%
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Cusip: | 48133PAT0
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