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): October 31, 2017
JPMorgan Chase & Co.
(Exact name of registrant as specified in its charter)
Delaware | 1-5805 | 13-2624428 | ||
(State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(I.R.S. 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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 | Other Events |
On October 31, 2017, JPMorgan Chase & Co. (the Firm) issued a press release announcing the redemption on December 1, 2017 of all of the 50,300,000 outstanding depositary shares, each representing a 1/400th interest in a share of the Firms 5.50% Non-Cumulative Preferred Stock, Series O, par value $1.00 per share and with a liquidation preference of $10,000 (the Series O Preferred Stock), pursuant to the optional redemption provisions provided in the documents governing such depositary shares and the Series O Preferred Stock. The redemption will be funded with available cash.
A copy of the press release referenced above is attached hereto as Exhibit 99.
Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
Exhibit No. |
Description of Exhibit | |
99 | JPMorgan Chase & Co. press release dated October 31, 2017 |
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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/ Jordan A. Costa | |
Jordan A. Costa | ||
Managing Director |
Dated: October 31, 2017
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Exhibit 99
JPMorgan Chase & Co. 270 Park Avenue, New York, NY 10017-2070 NYSE symbol: JPM www.jpmorganchase.com |
News release: IMMEDIATE RELEASE
JPMorgan Chase To Redeem All $1.3 Billion Of Its
5.50% Non-Cumulative Preferred Stock, Series O
Represented By Depositary Shares
New York, October 31, 2017 JPMorgan Chase & Co. (NYSE: JPM) (JPMorgan Chase or the Firm) has announced that it will redeem on December 1, 2017 all of the 125,750 outstanding shares of its 5.50% Non-Cumulative Preferred Stock, Series O (Series O Preferred Stock). The shares of Series O Preferred Stock are represented by 50,300,000 depositary shares which are currently traded on the New York Stock Exchange under the symbol JPM-D (CUSIP 48126E750). Each depositary share represents a 1/400th interest in a share of Series O Preferred Stock. The redemption price per share for the Series O Preferred Stock will be $10,000 (equivalent to $25.00 per depositary share).
Payment of the redemption price will be made on the redemption date of December 1, 2017, upon presentation and surrender of the depositary receipts evidencing the depositary shares to be redeemed to Computershare Inc, as Depositary, at 250 Royall Street, Canton, Massachusetts 02021. Depositary shares held in book-entry form shall be surrendered in accordance with applicable procedures of The Depository Trust Company.
December 1, 2017 is also the final dividend payment date for the Series O Preferred Stock and the depositary shares. The record date for that dividend is November 1, 2017. Payment of the final dividend will be made on the redemption date of December 1, 2017.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers 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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Investor Contact: |
Jason Scott 212-270-7325 |
Media Contact: |
Joseph Evangelisti 212-270-7438 |