New Issue: JPMorgan prices $500,000 more 10-year floaters with 2.5% floor, 9% cap

By Jennifer Chiou

New York, Aug. 23 - JPMorgan Chase & Co. priced an additional $500,000 of capped and floored floating-rate notes due Aug. 23, 2021, upsizing the deal to $5 million overall, according to a 424B2 filing with the Securities and Exchange Commission.

The issuer priced an initial $2 million of the notes on Aug. 9, an additional $500,000 of the notes on Aug. 11 as well as $2 million on Aug. 17.

The interest rate will be Libor plus 80 basis points, subject to a minimum interest rate of 2.5% and a maximum rate of 9%. Interest is payable quarterly.

The payout at maturity will be par.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Capped and floored floating-rate notes
Amount:	$5 million (increased from original $2 million)
Maturity:	Aug. 23, 2021
Coupon:	Libor plus 80 bps, floor of 2.5% and cap of 9%; payable quarterly
Price:	Variable for $2 million; Par for $500,000; par for latest $2 million
Payout at maturity:	Par
Pricing dates:	Aug. 9 for $2 million, Aug. 11 for $500,000, Aug. 17 for $2 million; Aug. 19 for $500,000
Settlement date:	Aug. 23
Agent:	J.P. Morgan Securities LLC
Fees:	3.81% for $2 million, 4.3% for $500,000, 4.15% for $2 million; 4% for $500,000
Cusip:	48125XJ49

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