The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

JPMorgan Chase Announces Redemption of Approximately $5 Billion in Aggregate Amount of Outstanding Trust Preferred Capital Securities

Monday, April 08, 2013

JPMorgan Chase Announces Redemption of Approximately $5 Billion in Aggregate Amount of Outstanding Trust Preferred Capital Securities

16:34 EDT Monday, April 08, 2013

NEW YORK (Business Wire) -- JPMorgan Chase & Co. (NYSE: JPM) announced today that each of the trusts listed below will redeem all of the issued and outstanding trust preferred capital securities identified below (the “Trust Preferred Securities”) on May 8, 2013 pursuant to the optional redemption provisions provided in the documents governing such Trust Preferred Securities. In each case, the redemption price will be 100% of the liquidation amount of each Trust Preferred Security, together with accrued and unpaid distributions to the redemption date. The redemptions will be funded with available cash.

Trust     Security     Amount     CUSIP     NYSE Ticker
J.P. Morgan Chase Capital X     7.000% Capital Securities, Series J     $1,000,000,000     46623D200     JPM-PrJ
J.P. Morgan Chase Capital XI     5.875% Capital Securities, Series K     $1,075,000,000     46626V207     JPM-PrK
J.P. Morgan Chase Capital XII     6.250% Capital Securities, Series L     $400,000,000     46626X203     JPM-PrX
JPMorgan Chase Capital XIV     6.200% Capital Securities, Series N     $600,000,000     48122F207     JPM-PrY
JPMorgan Chase Capital XVI     6.350% Capital Securities, Series P     $500,000,000     481228203     JPM-PrP
JPMorgan Chase Capital XIX     6.625% Capital Securities, Series S     $562,500,000     48123A207     JPM-PrS
JPMorgan Chase Capital XXIV     6.875% Capital Securities, Series X     $700,000,000     48123W209     JPM-PrW
BANK ONE Capital VI     7.200% Preferred Securities     $100,000,000     06423W204     JPM-PrO

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 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

JPMorgan Chase & Co.
Joe Evangelisti, 212-270-7438
Sarah Youngwood, 212-270-7325

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail App

    The New Globe and Mail App for iPhone®, iPad® and Apple Watch download

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Secure Service
Customer Service
Advertising Privacy
Globe Recognition
Mobile Apps
Other Sections