JPMorganChase €3.25 billion notes offering
We advised JPMorganChase on the offering
Davis Polk advised JPMorgan Chase & Co. as special U.S. counsel in connection with the offering of €1.75 billion aggregate principal amount of its fixed-to-floating-rate notes due 2032 and €1.5 billion aggregate principal amount of its floating-rate notes due 2029 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, National Association may be outstanding at any one time.
JPMorgan Chase & Co. is a leading financial services firm based in the United States, with operations worldwide. JPMorganChase had $4.4 trillion in assets and $362.4 billion in stockholders’ equity as of December 31, 2025. 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, predominantly in the United States, and many of the world’s most prominent corporate, institutional and government clients globally. The company’s shares are listed on the New York Stock Exchange under the symbol “JPM.”
The Davis Polk corporate team included partner John B. Meade, counsel Marc D. Swenson and associates Hengzhe Luo, Fengyi Wan and Elaine Yiming Xie. Partner Lucy W. Farr, counsel David S. Fisher and associates Kelli A. Rivers and Valentin Van de Walle provided tax advice. Members of the Davis Polk team are based in the New York and London offices.