Published on 8/30/2012 in the Prospect News Investment Grade Daily.
New Issue: JPMorgan sells $500 million five-year floaters at Libor plus 110 bps
By Andrea Heisinger
New York, Aug. 30 - JPMorgan Chase & Co. sold $500 million of five-year senior medium-term floating-rate notes, series H, at par to yield Libor plus 110 basis points, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are non-callable.
J.P. Morgan Securities LLC was the bookrunner.
The financial services company is based in New York City.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Senior medium-term floating-rate notes, series H
|
| Amount: | $500 million
|
| Maturity: | Sept. 6, 2017
|
| Bookrunner: | J.P. Morgan Securities LLC
|
| Co-managers: | Blaylock Robert Van LLC, Muriel Siebert & Co., Inc.
|
| Coupon: | Libor plus 110 bps
|
| Price: | Par
|
| Yield: | Libor plus 110 bps
|
| Call: | Non-callable
|
| Trade date: | Aug. 29
|
| Settlement date: | Sept. 6
|
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