New Issue: JPMorgan prices $6.18 million step-up callable notes with 2.125% initial rate

By Susanna Moon

Chicago, Jan. 27 - JPMorgan Chase & Co. priced $6.18 million of fixed-rate step-up callable notes due Jan. 30, 2017, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 2.125% for the first three years and will step up to 3% after that. Interest is payable semiannually.

The payout at maturity will be par.

The notes are callable at par on any interest payment date after three years.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase & Co.
Issue:	Fixed-rate step-up callable notes
Amount:	$6,175,000
Maturity:	Jan. 30, 2017
Coupon:	2.125% initially, stepping up to 3% on Jan. 30, 2015; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par on any interest payment date beginning Jan. 30, 2015
Pricing date:	Jan. 25
Settlement date:	Jan. 30
Agent:	J.P. Morgan Securities LLC
Fees:	2.457%, including 1.568% for selling concessions
Cusip:	48125VGE4

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