By Susanna Moon
Chicago, July 27 - JPMorgan Chase & Co. priced $14.18 million of capped leveraged floating-rate notes due July 30, 2015 based on the 10-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 1% plus 4.25 times the 10-year CMS rate minus 500 basis points, up to a maximum rate of 13.75%. Investors will receive a minimum rate of 1%.
Interest is payable annually.
The payout at maturity will be par.
J.P. Morgan Securities Inc. is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Capped leveraged floating-rate notes
|
| Underlying rate: | 10-year Constant Maturity Swap rate
|
| Amount: | $14,175,000
|
| Maturity: | July 30, 2015
|
| Coupon: | 1% plus 4.25 times the 10-year CMS rate minus 500 bps, capped at 13.75% and floor of 1%; payable annually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | July 23
|
| Settlement date: | July 30
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 0.5%
|
| Cusip: | 48124AYW1
|
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