New Issue: JPMorgan $6.11 million callable step-up fixed-rate notes with 0.75% initial rate

By William Gullotti

Buffalo, N.Y., Aug. 30 – JPMorgan Chase & Co. priced $6.11 million of callable step-up fixed-rate notes due Dec. 22, 2025, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable semiannually at 0.75% initially, stepping up to 1% on Dec. 22, 2022 and to 1.25% on June 22, 2024.

The payout at maturity will be par.

The notes will be callable at par annually beginning June 22, 2023.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Callable step-up fixed-rate notes
Amount:	$6,110,000
Maturity:	Dec. 22, 2025
Coupon:	0.75% initially, stepping up to 1% on Dec. 22, 2022 and to 1.25% on June 22, 2024; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par annually beginning June 22, 2023
Pricing date:	June 18
Settlement date:	June 22
Agent:	J.P. Morgan Securities LLC
Fees:	0.8293%
Cusip:	48128G4B3

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