12th Jun 2012 07:00
JPMorgan Chase & Co. (NYSE: JPM) - Following the Federal Reserve's announcement on June 7, 2012 of proposed rules which will implement the phase-out of Tier 1 capital treatment for trust preferred capital securities, JPMorgan Chase & Co. announced today that each of the trusts listed below will redeem all of the issued and outstanding trust preferred capital securities identified below on July 12, 2012 pursuant to redemption provisions relating to the occurrence of a "Capital Treatment Event" (as defined in the documents governing those securities). In each case, the redemption price will be 100% of the liquidation amount of each trust preferred capital security, together with accrued and unpaid distributions to the redemption date. The redemptions will be funded with available cash.
| Trust | Security | Amount | CUSIP | |||||||||
| JPMorgan Chase Capital XV | 5.875% Capital Securities, Series O | $92,939,000 | 46627NAA3 | |||||||||
| JPMorgan Chase Capital XVII | 5.850% Capital Securities, Series Q | $500,000,000 | 46627VAA5 | |||||||||
| JPMorgan Chase Capital XVIII | 6.950% Capital Securities, Series R | $750,000,000 | 481227AA4 | |||||||||
| JPMorgan Chase Capital XX | 6.550% Capital Securities, Series T | $909,576,000 | 48123CAA2 | |||||||||
| JPMorgan Chase Capital XXII | 6.450% Capital Securities, Series V | $913,773,000 | 48123QAA1 | |||||||||
| JPMorgan Chase Capital XXV | 6.800% Capital Securities, Series Y | $1,500,000,000 | 46631VAA9 | |||||||||
| JPMorgan Chase Capital XXVI | Fixed-to-Floating Rate Capital Securities, Series Z | $1,815,000,000 | 48124G104 | |||||||||
| JPMorgan Chase Capital XXVII | 7.000% Capital Securities, Series AA | $1,000,000,000 | 48125BAA2 | |||||||||
| JPMorgan Chase Capital XXVIII | Fixed-to-Floating Rate Capital Securities, Series BB | $1,500,000,000 | 48124Y204 | |||||||||
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.3 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. 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.
JPMorgan Chase & Co.Media:Joe Evangelisti, 212-270-7438[email protected]orInvestors:Sarah Youngwood, 212-270-7325[email protected]
Copyright Business Wire 2012
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