Bond JPMorgan Chase 0% ( US46647PCY07 ) in USD

Issuer	JPMorgan Chase
Market price	100.95 % ▼
Country	United States
ISIN code	US46647PCY07 ( in USD )
Interest rate	0%
Maturity	24/02/2028
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Minimal amount	2 000 USD
Total amount	750 000 000 USD
Cusip	46647PCY0
Standard & Poor's ( S&P ) rating	A ( Upper medium grade - Investment-grade )
Moody's rating	A1 ( Upper medium grade - Investment-grade )
Detailed description	JPMorgan Chase & Co. is a leading global financial services firm offering investment banking, asset and wealth management, and consumer and community banking services. This financial article provides an overview of a notable bond issuance by JP Morgan, a preeminent global financial services firm renowned for its extensive operations in investment banking, commercial banking, treasury services, asset and wealth management, and private banking. As a cornerstone institution in the global financial landscape, headquartered in the United States, JP Morgan's bond issuances are closely watched by investors seeking exposure to high-quality credit. The specific bond under review is an obligation issued from the United States, identified by the ISIN US46647PCY07 and CUSIP 46647PCY0. This instrument features a substantial total issue size of $750,000,000, with a maturity date set for February 24, 2028. It is denominated in USD and is currently trading on the market at 100.95% of its par value. A distinctive characteristic of this bond is its 0% stated interest rate, indicating it is structured as a zero-coupon bond, where the investor's return is realized through the difference between the purchase price and the face value at maturity, rather than periodic interest payments. Despite the absence of a coupon, the standard payment frequency field indicates semi-annual payments, which would typically apply to coupon disbursements. The minimum purchase size for this offering is set at $2,000. Demonstrating strong credit quality, the bond has garnered impressive ratings from leading credit rating agencies: an 'A' rating from Standard & Poor's (S&P) and an 'A1' rating from Moody's, affirming JP Morgan's solid financial standing and low default risk as perceived by these agencies.