New Issue: JPMorgan sells $3.15 million callable step-up notes at 3.5% initial rate

New York, July 31 – JPMorgan Chase & Co. priced $3.15 million of callable step-up fixed-rate notes due July 31, 2030, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 3.5% for the first seven years, stepping up to 4% on July 31, 2022 and 6% on July 31, 2026. Interest will be payable semiannually.

The payout at maturity will be par.

The notes will be callable at par on any interest payment date beginning July 31, 2022.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Callable step-up fixed-rate notes
Amount:	$3,150,000
Maturity:	July 31, 2030
Coupon:	3.5% initially, stepping up to 4% on July 31, 2022, 6% on July 31, 2026; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par on any semiannual redemption date beginning July 31, 2022
Pricing date:	July 28
Settlement date:	July 31
Agent:	J.P. Morgan Securities LLC
Fees:	2.317%
Cusip:	48125UTX0

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