JPMorgan Chase Plans Contingent-Interest Notes Issue

JPMorgan Chase has announced preliminary terms for its $1,000 callable contingent-interest notes. The financial institution aims to raise funds through this issuance.

The notes will be offered by J.P. Morgan Securities LLC on behalf of the company. They come with a minimum denomination of $1,000 and have an issue price set at 100% of their principal amount.

These callable contingent-interest notes allow investors to receive periodic interest payments, subject to specific conditions. The terms outline that these notes can be called by JPMorgan Chase in certain circumstances, leading to the redemption of the principal amount on a specified date.