By Wendy Van Sickle
Columbus, Ohio, Aug. 1 – JPMorgan Chase Financial Co. LLC priced $1.44 million of callable step-up fixed-rate notes due July 29, 2027, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable semiannually starting at 4.25%, stepping up to 4.75% on July 29, 2024 and to 6% on July 29, 2026.
The payout at maturity will be par.
The notes will be callable at par semiannually beginning July 29, 2023.
JPMorgan Chase & Co. guarantees the notes.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Callable step-up fixed-rate notes
|
| Amount: | $1,436,000
|
| Maturity: | July 29, 2027
|
| Coupon: | 4.25% initially, stepping up to 4.75% on July 29, 2024 and to 6% on July 29, 2026; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par semiannually beginning July 29, 2023
|
| Pricing date: | July 27
|
| Settlement date: | July 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.4937%
|
| Cusip: | 48133DN89
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
