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JPMorgan Chase & Co | 5.50% Non-Cumulative Preferred Stock, Series O (JPM.PRD)

Prospectus exerpt:  We are offering 44,000,000 depositary shares, each representing a 1/400th interest in a share of our perpetual 5.50% Non-Cumulative Preferred Stock, Series O, $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 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 5.50% per annum, payable quarterly, in arrears, on March 1, June 1, September 1 and December 1 of each year, beginning on December 1, 2012. 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 September 1, 2017, 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 »

Series:O
Redeemable?:Yes
Call Date:9/1/2017
Perpetual?:Yes
Cumulative?:No
Shares Offered:44,000,000
Overallotment:6,600,000
Liquidation Preference:$25
Recent Market Price:$23.09
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-1.91 (-7.64%)
Annualized Dividend:1.375
Recent Ex-Date:10/30/2014
Current Yield:5.95%
Original Coupon:5.500%
Pay Period:Quarterly
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 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:  $14,128,314,161.26
Total Market Capitalization:  $224,285,000,000
% of Market Cap. Held by ETFs:  6.30%

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