debt
confidence high
sentiment neutral
materiality 0.55
JPMorgan Chase closes $3B fixed-to-floating subordinated notes offering due 2037
JPMORGAN CHASE & CO
- Closed $3.0B public offering of Fixed-to-Floating Rate Subordinated Notes due 2037.
- Notes are subordinated and will mature in 2037; interest rate transitions from fixed to floating after a period.
- Offering registered under the Securities Act; legal opinion from Simpson Thacher & Bartlett filed as Exhibit 5.1.