Bond JP Morgan 0% ( US46647PCY07 ) in USD
| Issuer | JP Morgan | ||||||||||||||||||||||||||||||
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| Country | United States
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| ISIN code |
US46647PCY07 ( in USD )
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| Interest rate | 0% | ||||||||||||||||||||||||||||||
| Maturity | 24/02/2028 | ||||||||||||||||||||||||||||||
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Prospectus brochure in PDF format |
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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. |
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