By Wendy Van Sickle
Columbus, Ohio, April 27 – JPMorgan Chase Financial Co. LLC priced $50 million of floating-rate notes due April 26, 2023 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is equal to SOFR plus 62.5 basis points. Interest is payable quarterly and cannot be less than 1.5%.
The payout at maturity will be par plus any interest.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Issue: | Floating-rate notes
|
| Underlying: | SOFR
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| Amount: | $50 million
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| Maturity: | April 26, 2023
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| Coupon: | SOFR plus 62.5 bps, subject to a floor of 1.5%; payable quarterly
|
| Price: | Par
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| Payout at maturity: | Par plus any interest
|
| Pricing date: | April 21
|
| Settlement date: | April 25
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48133DE63
|
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