Source - RNS
RNS Number : 6082J
JPMorgan Chase & Co
29 June 2017
 

NOTICE DATED 29 June 2017

 

 

JPMorgan Chase & Co.

(incorporated in the States of Delaware, United States of America)

 

(the "Issuer")

 

relating to the listing of:

(1) €25,000,000 Callable Fixed Rate Step Up Notes due 2028 (the "Series 1397 Notes");

(2) SKK 630,000,000 Fixed Rate Notes due 2022 (the "Series 1538 Notes"); and

(3) EUR 100,000,000 CMS Linked Notes due 2022 (the "Series 1630 Notes")

(collectively, the "Securities")

under the

U.S.$30,000,000,000 Euro Medium Term Note Programme of The Bear Stearns Companies LLC (formerly known as The Bear Stearns Companies Inc.), J.P. Morgan Bank Dublin plc, Bear Stearns Global Asset Holdings, Ltd. and Bear Stearns Caribbean Asset Holdings Ltd.

(the "Programme")

 

Notice

1.       We refer to the following, each of which was submitted to the London Stock Exchange for the relevant Series of Notes to be listed and admitted to trading on the Gilt Edged and Fixed Interest Market of the London Stock Exchange with effect from the Issue Date of such Series of Notes:

(i)      the pricing supplement dated 9 February 2006 in respect of the Series 1397 Notes (as further described in the Schedule hereto) which supplements, replaces and/or modifies the terms and conditions of the Notes set out in the offering circular dated 15 August 2005 relating to the Programme (the "2005 Conditions");

(ii)      the prospectus dated 22 December 2006 in respect of the Series 1538 Notes (as further described in the Schedule hereto) which supplements, replaces and/or modifies the terms and conditions of the Notes set out in the offering circular dated 15 August 2006 relating to the Programme (the "2006 Conditions"); and

(iii)     the prospectus dated 18 May 2007 in respect of the Series 1630 Notes (as further described in the Schedule hereto) which supplements, replaces and/or modifies the 2006 Conditions,

each an "Issuance Document". References herein to "Issuance Document" shall be references to the Issuance Document in respect of the relevant Series of Notes. Terms that are not defined herein shall have the meanings attributed to them in the Issuance Document, the 2005 Conditions or 2006 Conditions, as applicable.

2.       We hereby notify you that pursuant to the Eighteenth Supplemental Trust Deed dated 29 June 2017 between the Issuer and Citicorp Trustee Company Limited modifying the Trust Deed dated 4 August 1994 (as previously modified and/or restated) relating to the Programme, the Issuer has modified the terms and conditions of:

(i)           the Series 1397 Notes by replacing paragraph 24 of Part A (Contractual Terms) of the Issuance Document; and

(ii)          the Series 1630 Notes by replacing paragraph 24 of the section headed 'Terms of the Notes' of the Issuance Document,

in each case with the following:

"24.

Early Redemption Amount of each Note payable on redemption for taxation reasons or following an Event of Default and/or the method of calculating the same (if required or if different from that set out in Condition 8(e)):

 

 

The Early Redemption Amount of the Notes payable on redemption for taxation reasons or following an Event of Default shall be an amount equal to the greater of:

(i)      an amount equal to the sum of (a) the market value of the Notes on the date of redemption, adjusted to account fully for any losses, expenses and costs to the Issuer (or any of its affiliates) of unwinding any underlying or related hedging and funding arrangements, all as determined by the Issuer in its sole and absolute discretion and (b) euro 0.01; and

(ii)     an amount equal to the Specified Denomination per each Note together with any interest accrued to (but excluding) the date of redemption of the Note."; and

(iii)          the Series 1538 Notes by replacing paragraph 24 of the section headed 'Terms of the Notes' of the Issuance Document with the following:

"24.

Early Redemption Amount of each Note payable on redemption for taxation reasons or following an Event of Default and/or the method of calculating the same (if required or if different from that set out in Condition 8(e)):

 

 

The Early Redemption Amount of the Notes payable on redemption for taxation reasons or following an Event of Default shall be an amount equal to the greater of:

(i)      an amount equal to the sum of (a) the market value of the Notes on the date of redemption, adjusted to account fully for any losses, expenses and costs to the Issuer (or any of its affiliates) of unwinding any underlying or related hedging and funding arrangements, all as determined by the Issuer in its sole and absolute discretion and (b) SKK 0.01; and

(ii)     an amount equal to the Specified Denomination per each Note together with any interest accrued to (but excluding) the date of redemption of the Note.".

3.       The Issuer accepts responsibility for the information contained in this notice.



Schedule

The Securities

Series Number

Title of the Securities

Issue Date

ISIN

1397

€25,000,000 Callable Fixed Rate Step Up Notes due 2028

9 February 2006

XS0241892529

1538

SKK 630,000,000 Fixed Rate Notes due 2022

22 December 2006

XS0278933501

1630

EUR 100,000,000 CMS Linked Notes due 2022

18 May 2007

XS0298868497

 

 


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