JPMorgan calls $1.7 billion fixed-to-float callable subordinated notes

By Susanna Moon

Chicago, Sept. 19 – JPMorgan Chase & Co. said it will redeem $1.7 billion of fixed-to-floating callable subordinated notes issued in three series at par.

The issuer will redeem $438 million of notes and $287,543,000 of notes on Oct. 31 and €750 million of notes on Nov. 12, according to a company press release.

The company also will pay accrued interest to but excluding the redemption date.

Notes may be tendered to the Bank of New York Mellon.

JPMorgan is a New York-based financial services firm.

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