By Angela McDaniels
Tacoma, Wash., Oct. 29 - JPMorgan Chase & Co. priced $3 million of callable range accrual notes due Oct. 30, 2028 linked to six-month Libor, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly and equals 5% per year multiplied by the proportion of days on which six-month Libor is 6% or less.
The payout at maturity will be par.
Beginning Oct. 30, 2018, the notes are callable at par on any interest payment date.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Callable range accrual notes
|
| Amount: | $3 million
|
| Maturity: | Oct. 30, 2028
|
| Coupon: | 5% per year multiplied by proportion of days on which six-month Libor is 6% or less; payable quarterly
|
| Price: | Variable prices
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date from Oct. 30, 2018 onward
|
| Pricing date: | Oct. 25
|
| Settlement date: | Oct. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48126NSX6
|
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