PreferredStockChannel
JPMorgan Chase & Co | 5.45% Non-Cumulative Preferred Stock, Series P (JPM.PRA)

This preferred is marked as having been called.
Prospectus excerpt:  We are offering 34,000,000 depositary shares, each representing a 1/400th interest in a share of our perpetual 5.45% Non-Cumulative Preferred Stock, Series P, $1 par value, with a liquidation preference of $10,000 per share (equivalent to $25 per depositary share) (the ˘Preferred Stock÷). Each depositary share entitles the holder, through the depositary, to a proportional fractional interest in all rights, powers and preferences of the Preferred Stock represented by the depositary share.

We will pay dividends on the Preferred Stock, when, as, and if declared by our board of directors or a duly authorized committee of our board, at a rate of 5.45% per annum, payable quarterly, in arrears, on March 1, June 1, September 1 and December 1 of each year, beginning on June 1, 2013. Dividends on the Preferred Stock will not be cumulative. Upon the payment of any dividends on the Preferred Stock, holders of depositary shares will receive a related proportionate payment.

We may redeem the Preferred Stock on any dividend payment date on or after March 1, 2018, in whole or from time to time in part, at a redemption price equal to $10,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends. We may also redeem the Preferred Stock upon certain events involving capital treatment as described in this prospectus supplement. If we redeem any Preferred Stock, the depositary will redeem the related depositary shares.

Full Prospectus PDF », JPM Page »

Series:P
Alternate symbology:JPM-A, JPM-PA, JPMprA
Redeemable?:Yes
Call Date:3/1/2018 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:No
Shares Offered:34,000,000
Overallotment:5,100,000
Liquidation Preference:$25
Original Coupon:5.45%
Pay Period:Quarterly
Pay Dates:1-Mar, 1-Jun, 1-Sep, 1-Dec
CDx3 Compliance Rating: Learn JPM.PRA's Rating
JPMorgan Chase is a financial holding company. Through its subsidiaries, Co. is a financial services firm. Co.'s segments include: Consumer and Community Banking, which provides services via bank branches, ATMs, digital (including mobile and online) and telephone banking; Corporate and Investment Bank, which consists of Banking and Markets and Securities Services that provides investment banking, market-making, brokerage, and treasury and securities products and services; Commercial Banking, which provides financial solutions, including lending, payments, investment banking and asset management products; and Asset and Wealth Management, which is engaged in investment and wealth management.

Preferreds: JPM.PRJ, JPM.PRC, JPM.PRI, JPM.PRK, JPM.PRO, JPM.PRP, JPM.PRS, JPM.PRW, JPM.PRX, JPM.PRY, JPM.PRD, JPM.PRA, JPM.PRB, JPM.PRE, JPM.PRF, JPM.PRG, JPM.PRH


Open the JPM Information Page »
Name: 
JPMorgan Chase & Co
Website: 
www.jpmorganchase.com
Sector: 
Banking & Savings
Number of ETFs Holding JPM: 
129 (see which ones)
Total Market Value Held by ETFs: 
$49,423,609,764.44
Total Market Capitalization: 
$394,076,000,000
% of Market Cap. Held by ETFs: 
12.54%

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