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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.
Issue:Notes
Amount:$1.25 billion
Maturity:Aug. 15, 2021
Bookrunner:J.P. Morgan Securities LLC
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.
Coupon:4.35%
Price:99.935
Yield:4.358%
Spread:Treasuries plus 175 bps
Call:Non-callable
Trade date:Aug. 3
Settlement date:Aug. 10
Ratings:Moody's: Aa3
Standard & Poor's: A+
Fitch: AA-

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