||JPMorgan Chase & Co. | 5.45% Non-Cumulative Preferred Stock, Series P (JPM.PRA)
We are offering 34,000,000 depositary shares, each representing a 1/400th interest in a share of our perpetual 5.45% Non-Cumulative Preferred Stock, Series P, $1 par value, with a liquidation preference of $10,000 per share (equivalent to $25 per depositary share) (the “Preferred Stock”). Each depositary share entitles the holder, through the depositary, to a proportional fractional interest in all rights, powers and preferences of the Preferred Stock represented by the depositary share.
We will pay dividends on the Preferred Stock, when, as, and if declared by our board of directors or a duly authorized committee of our board, at a rate of 5.45% per annum, payable quarterly, in arrears, on March 1, June 1, September 1 and December 1 of each year, beginning on June 1, 2013. Dividends on the Preferred Stock will not be cumulative. Upon the payment of any dividends on the Preferred Stock, holders of depositary shares will receive a related proportionate payment.
We may redeem the Preferred Stock on any dividend payment date on or after March 1, 2018, in whole or from time to time in part, at a redemption price equal to $10,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends. We may also redeem the Preferred Stock upon certain events involving capital treatment as described in this prospectus supplement. If we redeem any Preferred Stock, the depositary will redeem the related depositary shares.
Full Prospectus PDF », JPM Page »
|Liquidation Preference:||$25 |
|Recent Market Price:||$20.27|
|Discount to Liquidation Preference:|
(More Preferreds Trading at a Discount »)
|Pay Dates:||1-Mar, 1-Jun, 1-Sep, 1-Dec|
JPMorgan Chase is a financial holding company. Through its subsidiaries, Co. provides investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. Co.'s activities are organized into four segments. Co.'s consumer business is the consumer and community banking segment. Co.'s wholesale businesses comprise the corporate and investment bank, commercial banking, and asset management segments. Under the J.P. Morgan and Chase brands, Co. serves a number of corporate, institutional and government clients. As of Dec 31 2012, Co. had total assets of $2.36 trillion and deposits of $1.19 trillion. |
Preferreds: JPM.PRJ, JPM.PRC, JPM.PRI, JPM.PRK, JPM.PRO, JPM.PRP, JPM.PRS, JPM.PRW, JPM.PRX, JPM.PRY, JPM.PRD, JPM.PRA
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||JPMorgan Chase & Co.
||Banking & Savings
|Number of ETFs Holding JPM:
||92 (see which ones)
|Total Market Value Held by ETFs:
|Total Market Capitalization:
|% of Market Cap. Held by ETFs:
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