JPMorgan Chase Announces Redemption of Approximately $5 Billion in Aggregate Amount of Outstanding Trust Preferred Capital Securities
NEW YORK--(BUSINESS WIRE)-- JPMorgan Chase & Co. (NYS: 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.
J.P. Morgan Chase Capital X
7.000% Capital Securities, Series J
J.P. Morgan Chase Capital XI
5.875% Capital Securities, Series K
J.P. Morgan Chase Capital XII
6.250% Capital Securities, Series L
JPMorgan Chase Capital XIV
6.200% Capital Securities, Series N
JPMorgan Chase Capital XVI
6.350% Capital Securities, Series P
JPMorgan Chase Capital XIX
6.625% Capital Securities, Series S
JPMorgan Chase Capital XXIV
6.875% Capital Securities, Series X
BANK ONE Capital VI
7.200% Preferred Securities
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYS: 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 www.jpmorganchase.com.
KEYWORDS: United States North America New York
The article JPMorgan Chase Announces Redemption of Approximately $5 Billion in Aggregate Amount of Outstanding Trust Preferred Capital Securities originally appeared on Fool.com.
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