By Marisa Wong
Morgantown, W.Va., Nov. 19 – JPMorgan Chase & Co. priced $1.55 million of fixed-to-floating notes due Nov. 18, 2025 linked to Libor, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be fixed at 3% for the first two years. After that, it will be equal to Libor plus 90 basis points. Interest is payable quarterly and cannot be less than zero.
The payout at maturity will be par.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
|
Issue: | Fixed-to-floating notes
|
Amount: | $1.55 million
|
Maturity: | Nov. 18, 2025
|
Coupon: | 3% initially; beginning Nov. 18, 2017, Libor plus 90 bps; payable quarterly
|
Price: | Par
|
Payout at maturity: | Par
|
Pricing date: | Nov. 13
|
Settlement date: | Nov. 18
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1%
|
Cusip: | 48125U2A9
|
|
© 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.