New Issue: JPMorgan prices $10.58 million callable step-up notes with 3% initial rate

By Kiku Steinfeld

Chicago, Oct. 2 – JPMorgan Chase & Co. priced $10.58 million of callable step-up fixed-rate notes due Aug. 28, 2034, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 3% initially, stepping up to 3.25% on Aug. 28, 2027, to 3.5% on Aug. 28, 2031 and to 4% on Aug. 28, 2033. Interest is payable semiannually.

The payout at maturity will be par.

The notes will be callable at par on any interest payment date starting Aug. 28, 2022.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Callable step-up fixed-rate notes
Amount:	$10,575,000
Maturity:	Aug. 28, 2034
Coupon:	3% initially, stepping up to 3.25% on Aug. 28, 2027, to 3.5% on Aug. 28, 2031 and to 4% on Aug. 28, 2033; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par on any interest payment date starting Aug. 28, 2022
Pricing date:	Aug. 26
Settlement date:	Aug. 28
Agent:	J.P. Morgan Securities LLC
Fees:	0.971%
Cusip:	48128GF39

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