By Sarah Lizee
Olympia, Wash., Nov. 6 – JPMorgan Chase Financial Co. LLC priced $7.18 million of callable step-up fixed-rate notes due Oct. 31, 2039, according to a 423B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The interest rate will be 3.25% initially, stepping up to 3.5% on Oct. 31, 2032 and to 4.5% on Oct. 31, 2037. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par quarterly beginning on Oct. 31, 2021.
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: | $7,183,000
|
| Maturity: | Oct. 31, 2039
|
| Coupon: | 3.25% initially, stepping up to 3.5% on Oct. 31, 2032 and to 4.5% on Oct. 31, 2037; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par quarterly beginning on Oct. 31, 2021
|
| Pricing date: | Oct. 29
|
| Settlement date: | Oct. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.8497%
|
| Cusip: | 48128GL24
|
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