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JPMorgan plans callable step-up notes with 2% start rate
By Sarah Lizee
Olympia, Wash., Oct. 25 – JPMorgan Chase & Co. plans to price callable step-up fixed-rate notes due Oct. 30, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 2% initially, stepping up to 2.25% on Oct. 30, 2021. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any semiannual call date starting Oct. 30, 2021.
J.P. Morgan Securities LLC is the agent.
The notes will price Oct. 28.
The Cusip number is 48128GL65.
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