New Issue: JPMorgan prices $13.19 million callable step-up fixed-rate notes with 6.25% initial rate

By William Gullotti

Buffalo, N.Y., Nov. 16 – JPMorgan Chase & Co. priced $13.19 million of callable step-up fixed-rate notes due Nov. 15, 2030, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable semiannually at a 6.25% per annum initial rate, which steps up to 6.5% on Nov. 15, 2026, to 7% on Nov. 15, 2028 and to 9% on Nov. 15, 2029.

The notes will be callable at par semiannually beginning Nov. 15, 2025.

The payout at maturity will be par.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Callable step-up fixed-rate notes
Amount:	$13,194,000
Maturity:	Nov. 15, 2030
Coupon:	6.25% initially, stepping up to 6.5% on Nov. 15, 2026, to 7% on Nov. 15, 2028 and to 9% on Nov. 15, 2029; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par semiannually beginning Nov. 15, 2025
Pricing date:	Nov. 13
Settlement date:	Nov. 15
Agent:	J.P. Morgan Securities LLC
Fees:	0.231%
Cusip:	48130CDN2

© 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.