By Wendy Van Sickle
Columbus, Ohio, Dec. 23 – JPMorgan Chase & Co. priced $3 million of callable step-up fixed-rate notes due June 22, 2028, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 1% initially, stepping up to 1.5% on June 22, 2026 and to 2.5% on June 22, 2027. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable in whole but not in part quarterly beginning on Dec. 22, 2025.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Callable step-up fixed-rate notes
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| Amount: | $3 million
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| Maturity: | June 22, 2028
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| Coupon: | 1% initially, stepping up to 1.5% on June 22, 2026 and to 2.5% on June 22, 2027; payable semiannually
|
| Price: | Par
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| Payout at maturity: | Par
|
| Call option: | At par quarterly beginning on Dec. 22, 2025
|
| Pricing date: | Dec. 18
|
| Settlement date: | Dec. 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.0833%
|
| Cusip: | 48128GY46
|
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