The principal amount of the CENts will become due on August 1, 2047, the Ůscheduled maturity date, only to the extent of the applicable percentage of the net cash proceeds that we have received from the sale of certain qualifying capital securities during a 180-day period ending on a notice date not more than 15 or less than 10 business days prior to such date. We will use our commercially reasonable efforts, subject to certain market disruption events, to sell enough qualifying capital securities to permit repayment of the CENts in full on the scheduled maturity date. If any amount is not paid on the scheduled maturity date, it will remain outstanding and we will continue to use our commercially reasonable efforts to sell enough qualifying capital securities to permit repayment of the CENts in full. On August 1, 2077, we must pay any remaining principal and interest on the CENts in full whether or not we have sold qualifying capital securities.
At the option of JPMorgan Chase & Co., the capital securities may be redeemed at 100% of their liquidation amount plus accrued and unpaid distributions through the date of redemption on or after August 1, 2012 or upon the occurrence of a tax event or regulatory capital event or at the redemption price set forth herein upon the occurrence of a rating agency event.
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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.PRO, JPM.PRX, JPM.PRY, JPM.PRP, JPM.PRS, JPM.PRW, JPM.PRI, JPM.PRA, JPM.PRB, JPM.PRE, JPM.PRF, JPM.PRG, JPM.PRH, JPM.PRD, JPM.PRC, JPM.PRJ, JPM.PRK, JPM.PRL, JPM.PRM Open the JPM Information Page » |
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