JPMorgan Chase & Co. is outlining callable fixed-rate notes paying 5.80% annually and due September 13, 2041. The securities offer fixed income but expose investors to JPMorgan’s Credit risk and the possibility of an early call, while their terms remain subject to completion.

Key Highlights

  • JPMorgan Chase has outlined callable fixed-rate notes paying 5.80% annually and maturing on September 13, 2041.
  • Each note carries a $1,000 amount, with the public-price assumption set at $1,000 per $1,000 principal amount.
  • Selling commissions are estimated at $16.50 per $1,000 principal amount and cannot exceed $47.50 per $1,000.

Callable Fixed-Rate Notes

JPMorgan Chase & Co. (NYSE: JPM) has outlined callable fixed-rate notes paying 5.80% annually and maturing on September 13, 2041. The product is designed for investors seeking a fixed-income Investment at the stated Interest Rate while accepting the possibility of an early call.

Pricing and Commissions

The assumed public price is $1,000 for each $1,000 principal amount note.

J.P. Morgan Securities LLC is acting as agent and will pass the selling commissions it receives from JPMorgan to other dealers. Selling commissions are estimated at $16.50 per $1,000 principal amount and cannot exceed $47.50 per $1,000. Broker-dealers purchasing notes for eligible accounts may waive some or all of those commissions.

Issuance and Insurance Terms

JPMorgan may change the terms or reject a purchase offer before issuance, and a buyer may revoke an offer before JPMorgan accepts it. The notes are not bank deposits and do not carry Federal Deposit Insurance Corporation or other government-agency insurance.

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Source(s)

  • https://www.sec.gov/Archives/edgar/data/19617/000121390026094622/ea0303736-01_424b2.htm