JPMorgan Chase has issued a new bond, identified as JPM6542362, with a unique structure that has caught the attention of investors. The bond, issued on October 20, 2026, has a face value of $1,000 and a minimum denomination of $2,000.
The bond features a 0% coupon rate, which is unusual for corporate bonds. Coupon payments are scheduled quarterly, with the next payout expected on October 21, 2026. The bond does not have a redemption schedule or a call date specified, indicating that it may be held to maturity.
The bond is backed by JPMorgan Chase, with the United States as the country of risk. The issuer type is corporate, and the bond does not have any conversion options or sinking fund provisions. The credit risk assessment and seniority rank are not disclosed, but the bond is likely to be considered investment-grade given the issuer's strong credit profile.