Bond JPMorgan Chase & Co. 0% ( XS1569745364 ) in USD

Issuer	JPMorgan Chase & Co.
Market price	100 % ⇌
Country	United States
ISIN code	XS1569745364 ( in USD )
Interest rate	0%
Maturity	30/08/2023 - Bond has expired
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Minimal amount	1 000 USD
Total amount	675 000 USD
Detailed description	JPMorgan Chase & Co. is a leading global financial services firm offering investment banking, consumer and community banking, commercial banking, and asset and wealth management services across numerous countries. JPMorgan Chase Bank, N.A., a wholly-owned subsidiary of JPMorgan Chase & Co., one of the world's preeminent global financial services firms renowned for its extensive banking, investment, and asset management operations, recently saw the maturity and redemption of a specific zero-coupon bond issued from the United States with ISIN XS1569745364. This bond, denominated in USD, carried a 0% interest rate, confirming its nature as a zero-coupon instrument, and despite a stated payment frequency of 2, it was designed to provide returns at maturity rather than through periodic interest disbursements. With a total issuance size of 675,000 units and a minimum purchase size set at 1,000 units, the security was trading at 100% of its face value prior to its maturity on August 30, 2023, at which point it was fully redeemed, settling its obligations to bondholders.