PreferredStockChannel
JPMorgan Chase & Co | 6.70% Capital Securities, Series CC (JPM.PRC)

Prospectus excerpt:  JPMorgan Chase Capital XXIX, a subsidiary of JPMorgan Chase & Co., will issue the capital securities. JPMorgan Chase Capital XXIXĂs only assets will be the subordinated debentures to be issued by JPMorgan Chase & Co. and having substantially the same payment terms as the capital securities. JPMorgan Chase Capital XXIX can make distributions on the capital securities only if JPMorgan Chase & Co. makes interest payments on the subordinated debentures. Distributions on the capital securities will accumulate from April 1, 2010. Distributions may be postponed for up to five years, but not beyond the maturity date of the subordinated debentures. The subordinated debentures will mature on April 2, 2040. The capital securities may be redeemed at 100% of their liquidation amount plus accrued and unpaid distributions to but excluding the date of redemption on any interest payment date on or after April 2, 2015 or at any time upon the occurrence of certain events involving taxation or capital treatment as described in this prospectus supplement.

Full Prospectus PDF », JPM Page »

Series:CC
Alternate symbology:JPM-C, JPM-PC, JPMprC
Redeemable?:Yes
Maturity Date:4/2/2040
Cumulative?:Yes
Shares Offered:60,000,000
Overallotment:9,000,000
Liquidation Preference:$25
Recent Market Price:$25.22
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.22 (0.88%)
Annualized Dividend:1.5
Recent Ex-Date:10/31/2022
Current Yield:5.95%
Original Coupon:6.70%
Pay Period:Quarterly
Pay Dates:2-Jan, 2-Apr, 2-Jul, 2-Oct
CDx3 Compliance Rating: Learn JPM.PRC'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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