New Issue: JPMorgan prices $1.19 million callable step-up fixed-rate notes with 5.25% initial rate

By William Gullotti

Buffalo, N.Y., March 19 – JPMorgan Chase & Co. priced $1.19 million of callable step-up fixed-rate notes due March 14, 2034, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable semiannually at a 5.25% per annum initial rate, which steps up to 6% on March 14, 2028, to 7% on March 14, 2031 and to 8.5% on March 14, 2033.

The notes will be callable at par semiannually beginning March 14, 2026.

The payout at maturity will be par.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Callable step-up fixed-rate notes
Amount:	$1.19 million
Maturity:	March 14, 2034
Coupon:	5.25% initially, stepping up to 6% on March 14, 2028, to 7% on March 14, 2031 and to 8.5% on March 14, 2033; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par semiannually beginning March 14, 2026
Pricing date:	March 12
Settlement date:	March 14
Agent:	J.P. Morgan Securities LLC
Fees:	0.7021%
Cusip:	48130CHW8

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