Chicago, Sept. 1 – JPMorgan Chase Financial Co. LLC priced $8.15 million of callable floating-rate notes due Aug. 29, 2024 linked to 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. There is a floor of 3.25% and a cap of 6.25%. 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 one year.
J.P. Morgan Securities Inc. is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Callable floating-rate notes
|
| Amount: | $8,150,000
|
| Maturity: | Aug. 29, 2024
|
| Coupon: | SOFR, floor of 3.25%, cap of 6.25%
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any quarterly redemption date after one year
|
| Pricing date: | Aug. 25
|
| Settlement date: | Aug. 29
|
| Underwriter: | J.P. Morgan Securities Inc.
|
| Fees: | 0.67%
|
| Cusip: | 48133MBU3
|
|
|
© 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.
