JPMorgan Chase €2 billion notes offering
We advised JPMorgan Chase on the euro notes offering
Davis Polk advised JPMorgan Chase & Co. as special U.S. counsel in connection with the offering of €2 billion aggregate principal amount of its fixed-to-floating-rate notes due 2034 to non-U.S. persons in accordance with Regulation S under the Securities Act of 1933.
The notes will be listed on Euronext Dublin. The notes were issued under JPMorgan Chase & Co.’s and JPMorgan Chase Bank, N.A.’s euro medium-term note program, under which $65 billion aggregate principal amount of notes issued by JPMorgan Chase & Co. and $25 billion aggregate principal amount of notes issued by JPMorgan Chase Bank, N.A. may be outstanding at any one time.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States, with operations worldwide. JPMorgan Chase had $3.9 trillion in assets and $328 billion in stockholders’ equity as of December 31, 2023. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the firm serves millions of customers in the United States, and many of the world’s most prominent corporate, institutional and government clients globally.
The Davis Polk corporate team included partner John B. Meade, counsel Marc D. Swenson and associate Jilly Fox. Partners Michael Farber and Lucy W. Farr, counsel Alon Gurfinkel and associates Betsy Johnson and Kelli A. Rivers provided tax advice. Members of the Davis Polk team are based in the New York and London offices.