Today is a very stong indication of movement and distribution IMO
Issuer: JPMorgan Chase & Co. Security Type: SEC Registered Subordinated Notes Security: Fixed-to-Floating Rate Subordinated Notes due 2036 Currency: USD Size: $4,000,000,000 Maturity: July 23, 2036 Fixed Rate Period: From and including July 23, 2025 to, but excluding, July 23, 2035 Floating Rate Period: From and including July 23, 2035 to, but excluding, Maturity Payment Frequency: Semi-annual during the Fixed Rate Period and quarterly during the Floating Rate Period Day Count Fraction: 30/360 during the Fixed Rate Period, Actual/360 during the Floating Rate Period Benchmark Treasury: 4.250% due May 15, 2035 Benchmark Treasury Yield: 4.451% Spread to Benchmark Treasury: +112.5 basis points Reoffer Yield: 5.576% sec.gov FWP Notes” in the Preliminary Prospectus Supplement. CUSIP/ISIN: 46647PFC5 / US46647PFC59 Trade Date: July 16, 2025 Settlement Date: July 23, 2025 (T+5) Denominations: $2,000 x $1,000 Sole Bookrunner: J.P. Morgan Securities LLC Co-Managers: BBVA Securities Inc.