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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): August 20, 2024

 

 

JPMorgan Chase & Co.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   1-5805   13-2624428

(State or other jurisdiction of

incorporation or organization)

  

(Commission

File Number)

  

(I.R.S. employer

identification no.)

 

383 Madison Avenue,

New York, New York

   10179
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (212) 270-6000

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common stock   JPM   The New York Stock Exchange

Depositary Shares, each representing a one-four hundredth interest in a share of 5.75% Non-Cumulative Preferred Stock, Series DD

   JPM PR D   The New York Stock Exchange

Depositary Shares, each representing a one-four hundredth interest in a share of 6.00% Non-Cumulative Preferred Stock, Series EE

   JPM PR C   The New York Stock Exchange

Depositary Shares, each representing a one-four hundredth interest in a share of 4.75% Non-Cumulative Preferred Stock, Series GG

   JPM PR J   The New York Stock Exchange

Depositary Shares, each representing a one-four hundredth interest in a share of 4.55% Non-Cumulative Preferred Stock, Series JJ

   JPM PR K   The New York Stock Exchange

Depositary Shares, each representing a one-four hundredth interest in a share of 4.625% Non-Cumulative Preferred Stock, Series LL

   JPM PR L   The New York Stock Exchange

Depositary Shares, each representing a one-four hundredth interest in a share of 4.20% Non-Cumulative Preferred Stock, Series MM

   JPM PR M   The New York Stock Exchange

Guarantee of Callable Fixed Rate Notes due June 10, 2032 of JPMorgan Chase Financial Company LLC

   JPM/32   The New York Stock Exchange

Guarantee of Alerian MLP Index ETNs due January 28, 2044 of JPMorgan Chase Financial Company LLC

   AMJB   NYSE Arca, Inc.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 8.01.

Other Events.

On August 20, 2024, JPMorgan Chase & Co. issued a press release announcing the redemption on October 1, 2024 of all of the 1,600,000 outstanding depositary shares, each representing a one-tenth interest in a share of JPMorgan Chase & Co.’s Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series X, par value $1.00 per share and with a liquidation preference of $10,000 (the “Series X Preferred Stock”), pursuant to the optional redemption provisions in the documents governing such depositary shares and the Series X Preferred Stock. A copy of the press release referenced above is attached hereto as Exhibit 99.

 

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits

 

99    JPMorgan Chase & Co. press release dated August 20, 2024.
101    Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language).
104    Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

JPMORGAN CHASE & CO.
(Registrant)
By:  

/s/ Jordan A. Costa

Name:   Jordan A. Costa
Title:   Managing Director

Dated: August 20, 2024

Exhibit 99

 

JPMorgan Chase & Co.

383 Madison Avenue, New York, NY 10179-0001

NYSE symbol: JPM

www.jpmorganchase.com

 

   

LOGO

News release: IMMEDIATE RELEASE

JPMorganChase To Redeem All $1.6 Billion Of Its

Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series X

Represented By Depositary Shares

New York, August 20, 2024 – JPMorgan Chase & Co. (NYSE: JPM) (“JPMorganChase” or the “Firm”) has announced that on October 1, 2024 it will redeem all of the 160,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series X (“Series X Preferred Stock”). The shares of Series X Preferred Stock are represented by 1,600,000 depositary shares (CUSIP: 48126HAC4), with each depositary share representing a one-tenth interest in a share of Series X Preferred Stock. The redemption price per share for the Series X Preferred Stock will be $10,000 (equivalent to $1,000 per depositary share).

Payment of the redemption price will be made on the redemption date of October 1, 2024, upon presentation and surrender of the depositary receipts evidencing the depositary shares to be redeemed to Computershare Inc., as Depositary, at 150 Royall Street, Canton, Massachusetts 02021. Depositary shares held in book-entry form shall be surrendered in accordance with applicable procedures of The Depository Trust Company.

October 1, 2024 is also the final dividend payment date for the Series X Preferred Stock and the depositary shares. The record date for that dividend is September 3, 2024.

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had $4.1 trillion in assets and $341 billion in stockholders’ equity as of June 30, 2024. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

# # #

 

 

Investor Contact:    Mikael Grubb    Media Contact:    Joseph Evangelisti
   212-270-2479       212-270-7438
v3.24.2.u1
Document and Entity Information
Aug. 20, 2024
Entity Information [Line Items]  
Document Type 8-K
Document Period End Date Aug. 20, 2024
Entity Registrant Name JPMorgan Chase & Co
Entity Incorporation State Country Code DE
Entity File Number 1-5805
Entity Tax Identification Number 13-2624428
Entity Address Address Line 1 383 Madison Avenue
Entity Address City Or Town New York
Entity Address State Or Province NY
Entity Address Postal Zip Code 10179
City Area Code 212
Local Phone Number 270-6000
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Amendment Flag false
Entity Central Index Key 0000019617
Common stock [Member]  
Entity Information [Line Items]  
Security 12b Title Common stock
Trading Symbol JPM
Security Exchange Name NYSE
Depositary Shares, each representing a one-four hundredth interest in a share of 5.75% Non-Cumulative Preferred Stock, Series DD [Member]  
Entity Information [Line Items]  
Security 12b Title Depositary Shares, each representing a one-four hundredth interest in a share of 5.75% Non-Cumulative Preferred Stock, Series DD
Trading Symbol JPM PR D
Security Exchange Name NYSE
Depositary Shares, each representing a one-four hundredth interest in a share of 6.00% Non-Cumulative Preferred Stock, Series EE [Member]  
Entity Information [Line Items]  
Security 12b Title Depositary Shares, each representing a one-four hundredth interest in a share of 6.00% Non-Cumulative Preferred Stock, Series EE
Trading Symbol JPM PR C
Security Exchange Name NYSE
Depositary Shares, each representing a one-four hundredth interest in a share of 4.75% Non-Cumulative Preferred Stock, Series GG [Member]  
Entity Information [Line Items]  
Security 12b Title Depositary Shares, each representing a one-four hundredth interest in a share of 4.75% Non-Cumulative Preferred Stock, Series GG
Trading Symbol JPM PR J
Security Exchange Name NYSE
Depositary Shares, each representing a one-four hundredth interest in a share of 4.55% Non-Cumulative Preferred Stock, Series JJ [Member]  
Entity Information [Line Items]  
Security 12b Title Depositary Shares, each representing a one-four hundredth interest in a share of 4.55% Non-Cumulative Preferred Stock, Series JJ
Trading Symbol JPM PR K
Security Exchange Name NYSE
Depositary Shares, each representing a one-four hundredth interest in a share of 4.625% Non-Cumulative Preferred Stock, Series LL [Member]  
Entity Information [Line Items]  
Security 12b Title Depositary Shares, each representing a one-four hundredth interest in a share of 4.625% Non-Cumulative Preferred Stock, Series LL
Trading Symbol JPM PR L
Security Exchange Name NYSE
Depositary Shares, each representing a one-four hundredth interest in a share of 4.20% Non-Cumulative Preferred Stock, Series MM [Member]  
Entity Information [Line Items]  
Security 12b Title Depositary Shares, each representing a one-four hundredth interest in a share of 4.20% Non-Cumulative Preferred Stock, Series MM
Trading Symbol JPM PR M
Security Exchange Name NYSE
Guarantee of Callable Fixed Rate Notes due June 10, 2032 of JPMorgan Chase Financial Company LLC [Member]  
Entity Information [Line Items]  
Security 12b Title Guarantee of Callable Fixed Rate Notes due June 10, 2032 of JPMorgan Chase Financial Company LLC
Trading Symbol JPM/32
Security Exchange Name NYSE
Guarantee Of Alerian MLP Index ETNs Due January 28, 2044 of JPMorgan Chase Financial Company LLC [Domain]  
Entity Information [Line Items]  
Security 12b Title Guarantee of Alerian MLP Index ETNs due January 28, 2044 of JPMorgan Chase Financial Company LLC
Trading Symbol AMJB
Security Exchange Name NYSEArca
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