JPMorgan Chase is offering $2,435,000 of unsecured, unsubordinated callable fixed-rate notes paying 6.075% annually and maturing September 22, 2056. Investors receive a stated fixed rate but face JPMorgan Chase Credit exposure and the possibility that the notes will be redeemed before maturity, according to the terms.

Key Highlights

  • The notes carry a 6.075% annual Interest Rate and mature on September 22, 2056.
  • JPMorgan Chase will pay $23.424 per $1,000 note in selling commissions.
  • Redemption, if exercised, applies to the entire note issue rather than only part of it.

JPMorgan Chase & Co, a Banks - Diversified company, is offering $2,435,000 ($2.435 million) of callable fixed-rate notes. The securities pay 6.075% annually and mature on September 22, 2056.

$2.435M Note Offering Sets 2056 Maturity

Each note has a $1,000 principal amount and carries JPMorgan Chase’s unsecured, unsubordinated obligation. The total public price is $2,435,000, while the proceeds to JPMorgan Chase are $2,377,962.50 after fees and commissions. The public price per note is $1,000.

Fixed Coupon Comes With Call and Credit Exposure

JPMorgan Chase may redeem the notes in full, but not partially, on the Redemption dates specified in the terms. Investors seeking the fixed-income return must accept the possibility of an early call before the September 22, 2056 Maturity date. The notes are subject to JPMorgan Chase credit risk.