JPMorgan plans yield notes linked to 10-year U.S. dollar ICE swap rate

By Marisa Wong

Morgantown, W.Va., June 30 – JPMorgan Chase Financial Co. LLC plans to price 8.5% yield notes due July 7, 2017 linked to the 10-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Interest will be payable quarterly.

If the final 10-year U.S. dollar ICE swap rate is greater than or equal to the initial rate or is less than the initial rate by up to 48.5%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final rate is less than the initial rate.

J.P. Morgan Securities LLC is the agent.

The notes are expected to price July 1.

The Cusip number is 46646EMW9.

© 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.