By Wendy Van Sickle
Columbus, Ohio, Nov. 22 – JPMorgan Chase & Co. priced $2 million of callable step-up fixed-rate notes due Nov. 21, 2031, according to a 431B2 filing with the Securities and Exchange Commission.
The interest rate will be 2.75% initially, stepping up to 3.25% on Nov. 21, 2025 and to 4% on Nov. 21, 2028.
Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par quarterly beginning on Nov. 21, 2021.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Callable step-up fixed-rate notes
|
| Amount: | $2 million
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| Maturity: | Nov. 21, 2031
|
| Coupon: | 2.75% initially, stepping up to 3.25% on Nov. 21, 2025 and to 4% on Nov. 21, 2028; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par quarterly beginning on Nov. 21, 2021
|
| Pricing date: | Nov. 19
|
| Settlement date: | Nov. 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.3875%
|
| Cusip: | 48128GM64
|
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