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JPMorgan Chase & Co | 6.70% Capital Securities, Series CC (JPM.PRC)

Prospectus exerpt:  JPMorgan Chase Capital XXIX, a subsidiary of JPMorgan Chase & Co., will issue the capital securities. JPMorgan Chase Capital XXIX’s only assets will be the subordinated debentures to be issued by JPMorgan Chase & Co. and having substantially the same payment terms as the capital securities. JPMorgan Chase Capital XXIX can make distributions on the capital securities only if JPMorgan Chase & Co. makes interest payments on the subordinated debentures. Distributions on the capital securities will accumulate from April 1, 2010. Distributions may be postponed for up to five years, but not beyond the maturity date of the subordinated debentures. The subordinated debentures will mature on April 2, 2040. The capital securities may be redeemed at 100% of their liquidation amount plus accrued and unpaid distributions to but excluding the date of redemption on any interest payment date on or after April 2, 2015 or at any time upon the occurrence of certain events involving taxation or capital treatment as described in this prospectus supplement.

Full Prospectus PDF », JPM Page »

Series:CC
Redeemable?:Yes
Maturity Date:4/2/2040
Cumulative?:Yes
Shares Offered:60,000,000
Overallotment:9,000,000
Liquidation Preference:$25
Recent Market Price:$25.80
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.80 (3.20%)
Annualized Dividend:1.675
Recent Ex-Date:9/26/2014
Current Yield:6.49%
Original Coupon:6.700%
Pay Period:Quarterly
Pay Dates:2-Jan, 2-Apr, 2-Jul, 2-Oct
JPMorgan Chase is a financial holding company. Through its subsidiaries, Co. provides investment banking, financial services for consumers and businesses, commercial banking, financial transaction processing, asset management and private equity. Co.'s has four segments, as well as a Corporate/Private Equity segment. Co.'s consumer business is the Consumer & Community Banking segment. The Corporate & Investment Bank, Commercial Banking, and Asset Management segments comprise Co.'s wholesale businesses. Under the J.P. Morgan and Chase brands, Co. serves corporate, institutional and government clients. As of Dec 31 2013, Co. had total assets of $2.41 trillion and deposits of $1.29 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, JPM.PRB, JPM.PRE


Open the JPM Information Page »
Name:  JPMorgan Chase & Co
Website:  www.jpmorganchase.com
Sector:  Banking & Savings
Number of ETFs Holding JPM:  93 (see which ones)
Total Market Value Held by ETFs:  $8,353,546,953
Total Market Capitalization:  $216,086,000,000
% of Market Cap. Held by ETFs:  3.87%

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