By Wendy Van Sickle
Columbus, Ohio, Aug. 1 – JPMorgan Chase Financial Co. LLC priced $12 million of floating-rate notes due July 29, 2027 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is equal to SOFR plus 130 basis points. Interest is payable quarterly and cannot be less than 0%.
The payout at maturity will be par plus any interest.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Floating-rate notes
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| Underlying: | SOFR
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| Amount: | $12 million
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| Maturity: | July 29, 2027
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| Coupon: | SOFR plus 130 bps, subject to a floor of 0%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus any interest
|
| Pricing date: | July 27
|
| Settlement date: | July 29
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48133DQ29
|
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