Published on 8/4/2011 in the Prospect News Investment Grade Daily.
New Issue: JPMorgan Chase gives terms of new $1.25 billion 4.35% 10-year notes
By Andrea Heisinger
New York, Aug. 4 - JPMorgan Chase & Co. released terms Thursday for its $1.25 billion sale of 4.35% 10-year notes priced the previous day, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aa3/A+/AA-) priced at 99.935 to yield 4.358% with a spread of Treasuries plus 175 basis points. They are non-callable.
J.P. Morgan Securities LLC was the bookrunner.
Co-managers were ANZ Securities Inc., Fifth Third Securities Inc., KeyBanc Capital Markets Inc., Santander Investment Securities Inc., SG Americas Securities LLC, U.S. Bancorp Investments Inc., Williams Capital Group LP, Samuel A. Ramirez & Co., Inc., Drexel Hamilton, LLC and Muriel Siebert & Co., Inc.
The financial services company is based in New York City.
Issuer: | JPMorgan Chase & Co.
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Issue: | Notes
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Amount: | $1.25 billion
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Maturity: | Aug. 15, 2021
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Bookrunner: | J.P. Morgan Securities LLC
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Co-managers: | ANZ Securities Inc., Fifth Third Securities Inc., KeyBanc Capital Markets Inc., Santander Investment Securities Inc., SG Americas Securities LLC, U.S. Bancorp Investments Inc., Williams Capital Group LP, Samuel A. Ramirez & Co., Inc., Drexel Hamilton, LLC, Muriel Siebert & Co., Inc.
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Coupon: | 4.35%
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Price: | 99.935
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Yield: | 4.358%
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Spread: | Treasuries plus 175 bps
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Call: | Non-callable
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Trade date: | Aug. 3
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Settlement date: | Aug. 10
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Ratings: | Moody's: Aa3
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| Standard & Poor's: A+
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| Fitch: AA-
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