By Wendy Van Sickle
Columbus, Ohio, Aug. 11 – JPMorgan Chase Financial Co. LLC priced $10 million of callable floating-rate notes due Jan. 30, 2024 linked to the SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will bear interest at SOFR plus 12.5 basis points. There is a floor of 0%. Interest will be reset and payable quarterly.
The payout at maturity will be par plus accrued interest.
At the issuer's option, the notes are callable in whole or in part on any quarterly redemption date after six months.
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: | Callable floating-rate notes
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Amount: | $10 million
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Maturity: | Jan. 30, 2024
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Coupon: | SOFR plus 12.5 bps, floor of 0%
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Price: | Par
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Payout at maturity: | Par
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Call option | On any quarterly redemption date after six months
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Pricing date: | July 28
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Settlement date: | July 30
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Underwriter: | J.P. Morgan Securities Inc.
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Fees: | 0.25%
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Cusip: | 48130UXR1
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