Bond JPMorgan Chase & Co. 0% ( XS2397947859 ) in USD

Issuer	JPMorgan Chase & Co.
Market price	100 % ▲
Country	United States
ISIN code	XS2397947859 ( in USD )
Interest rate	0%
Maturity	04/12/2026
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Minimal amount	1 000 USD
Total amount	670 000 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. This report provides a comprehensive overview of a specific debt instrument issued by JPMorgan Chase Bank, identified by its ISIN code XS2397947859. The details presented offer insights into its characteristics and current market standing. JPMorgan Chase Bank, the issuer of this bond, is a cornerstone of the global financial industry. As a key subsidiary of JPMorgan Chase & Co., one of the world's leading financial services firms, it operates across diverse sectors including investment banking, commercial banking, treasury services, and asset management. Headquartered in the United States, the bank maintains a significant international presence, serving corporations, institutions, and governments worldwide. Its debt issuances are closely watched by investors due to its systemic importance and robust financial standing, underscoring its role as a major player in the global financial markets. The specific debt obligation under review, classified as an 'Obligation' (Bond), originates from the United States, reflecting the issuer's primary domicile. Key specifications of this instrument are as follows: * ISIN Code: XS2397947859 * Issuer: JPMorgan Chase Bank * Country of Issuance: United States * Current Market Price: 100% of par * Denomination Currency: United States Dollar (USD) * Interest Rate (Coupon): 0% * Total Issue Size: 670,000 units (representing a nominal value of USD 670,000) * Minimum Purchase Size: 1,000 units (representing a minimum nominal value of USD 1,000) * Maturity Date: December 4, 2026 * Payment Frequency: 2 (typically indicating Semi-Annual) A notable characteristic of this particular bond is its stated 0% interest rate, or coupon. When combined with a current market price of 100%, this implies that an investor purchasing the bond at its current par value would receive 0% yield if held to maturity, as the principal amount received at maturity would be identical to the initial investment, with no interim interest payments. Such instruments are typically known as zero-coupon bonds when they are issued at a discount to par, with the investor's return derived solely from the difference between the purchase price and the par value received at maturity. However, for a bond trading at 100% with a 0% coupon, the yield to maturity is zero, which is an unusual configuration for a standard fixed-income instrument and might suggest a very specific purpose for the issuance, or that it is part of a larger structured product with other embedded features not explicitly detailed here. The stated payment frequency of 2, typically indicating semi-annual coupon payments, appears contradictory to the 0% interest rate; this might refer to a standard template field populated within a broader debt issuance framework or to a structural detail unrelated to interest disbursement. Investors should carefully assess the full terms and conditions of this specific bond to understand its precise return profile and any underlying complexities or embedded options. This bond represents a distinct offering from JPMorgan Chase Bank, providing investors with a detailed understanding of its core parameters and unique attributes within the fixed-income landscape.