JPMorgan Chase Announces Redemption of $1.5 Billion of Outstanding Trust Preferred Capital Securities
February 27 2015 - 4:16PM
Business Wire
JPMorgan Chase & Co. (NYSE:JPM) announced today that
JPMorgan Chase Capital XXIX will redeem all of the issued and
outstanding $1,500,000,000 aggregate liquidation amount of its
6.70% Capital Securities, Series CC (the “Trust Preferred
Securities”) (CUSIP 48125E207; NYSE: JPM-PrC) on April 2, 2015
pursuant to the optional redemption provisions provided in the
documents governing such Trust Preferred Securities. The redemption
price will be 100% of the liquidation amount of each Trust
Preferred Security, together with accrued and unpaid distributions
to the redemption date. The redemption will be funded with
available cash.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE:JPM) is a leading global
financial services firm with assets of $2.6 trillion and operations
worldwide. The firm is a leader in investment banking, financial
services for consumers and small business, commercial banking,
financial transaction processing, and asset management. A component
of the Dow Jones Industrial Average, JPMorgan Chase & Co.
serves millions of consumers in the United States and many of the
world’s most prominent corporate, institutional and government
clients under its J.P. Morgan and Chase brands. Information about
JPMorgan Chase & Co. is available at www.jpmorganchase.com.
J.P. Morgan Chase & Co.Investor Contact:Sarah Youngwood,
212-270-7325orMedia Contact:Jennifer Kim, 212-622-7068
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