UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): August 1, 2013
JPMORGAN CHASE & CO.
(Exact name of registrant as specified in its charter)
Delaware | 1-5805 | 13-2624428 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
270 Park Avenue, New York, New York | 10017 | |||
(Address of Principal Executive Offices) | (Zip Code) |
Registrants telephone number, including area code: (212) 270-6000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events
On August 1, 2013, JPMorgan Chase & Co. (the Company) issued a press release announcing the redemption on September 1, 2013 (the Redemption Date) of all of the 72,000,000 outstanding depositary shares, each representing a 1/400th interest in a share of JPMorgan Chase & Co. 8.625% Non-Cumulative Preferred Stock, Series J, par value $1.00 per share and with a liquidation preference of $10,000 (the Series J Preferred Stock), pursuant to the optional redemption provisions provided in the documents governing such depositary shares and the Series J Preferred Stock. The redemption will be funded with available cash.
A copy of the press release referenced above is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) | Exhibits |
Exhibit No. |
Description of Exhibit | |
99.1 | JPMorgan Chase & Co. press release dated August 1, 2013 |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
JPMORGAN CHASE & CO. (Registrant) | ||
By: | /s/ Anthony J. Horan | |
Anthony J. Horan | ||
Corporate Secretary |
Dated: August 1, 2013
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Exhibit 99.1
JPMorgan Chase & Co. 270 Park Avenue, New York, NY 10017-2070 NYSE symbol: JPM www.jpmorganchase.com |
|
FOR IMMEDIATE RELEASE
JPMORGAN CHASE TO REDEEM ALL $1.8 BILLION OF ITS
8.625% NON-CUMULATIVE PREFERRED STOCK, SERIES J REPRESENTED BY
DEPOSITARY SHARES
NEW YORK, August 1, 2013 JPMorgan Chase & Co. (NYSE: JPM) today announced that it will redeem on September 1, 2013, all of the 180,000 outstanding shares of its 8.625% Non-Cumulative Preferred Stock, Series J (Series J Preferred Stock). The shares of Series J Preferred Stock are represented by 72,000,000 depositary shares which are currently traded on the New York Stock Exchange under the symbol JPM-PrI (CUSIP 46625H621). Each depositary share represents a 1/400th interest in a share of Series J Preferred Stock. The redemption price per share for the Series J Preferred Stock will be $10,000 (equivalent to $25.00 per depositary share).
Payment of the redemption price will be made on September 3, 2013, the first business day after the redemption date of September 1, 2013, upon presentation and surrender of the depositary receipts evidencing the depositary shares to be redeemed to Computershare Inc, as Depositary, at 480 Washington Boulevard, Floor 27, Jersey City, New Jersey 07310.
September 1, 2013 is also the final dividend payment date for the Series J Preferred Stock and the depositary shares. The record date for that dividend is August 2, 2013. Payment of the final dividend will be made on September 3, 2013, the first business day after the dividend payment date of September 1, 2013.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers, small business and 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 worlds 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.
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Media Contact: | Jennifer Kim | 212.622.7068 | ||||
Investor Contact: | Sarah Youngwood | 212.270.7325 |