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Bank One Capital VI, 7.20% Preferred Securities
Ticker Symbol: JPM-O* CUSIP: 06423W204 Exchange: NYSE
* NOTE: This security is no longer trading as of 5/08/2013
Security has been Called for: Wednesday, May 8, 2013
NEW YORK, APRIL 8, 2013 - JPMORGAN CHASE ANNOUNCES REDEMPTION OF APPROXIMATELY $5 BILLION IN AGGREGATE AMOUNT OF OUTSTANDING TRUST PREFERRED CAPITAL SECURITIES. JPMorgan Chase & Co. (NYSE: JPM) announced today that each of the trusts will redeem all of the issued and outstanding trust preferred capital 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. _______________ Mar 27, 2012 -- JPMorgan Chase & Co. today announced that on April 30, 2012, BANK ONE Capital VI will redeem 17,000,000 of its outstanding 7.20% Preferred Securities (CUSIP No. 06423W204; ticker symbol JPM-PrO) which have a liquidation amount of $425,000,000. Following this partial redemption, Preferred Securities having a liquidation amount of $100,000,000 will remain outstanding. The redemption price will be 100% of the liquidation amount of the Preferred Securities, together with accrued and unpaid distributions to the redemption date. The Institutional Trustee with respect to the Preferred Securities is The Bank of New York Mellon, located at 111 Sanders Creek Parkway, East Syracuse, New York 13057, Attention: Redemption Unit. The redemption is being effected under the optional redemption provisions applicable to the debentures held by BANK ONE Capital VI, and not pursuant to redemption provisions relating to the determination of the occurrence of a "Capital Treatment Event." The redemption will be funded with available cash.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Bank One Capital VI, 7.20% Preferred Securities, liquidation amount $25 per share, guaranteed by Bank One Corp. (NYSE: ONE) (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), redeemable at the issuer's option on or after 10/15/2006 at $25 per share plus accrued and unpaid dividends, maturing 10/15/2031, distributions of 7.20% per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record one day prior to the payment date. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (see IPO prospectus for details). The trust's assets consist of the 7.20% Junior Subordinated Deferrable Interest Debentures due 10/15/2031 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (JPM)
IPO - 9/24/2001 - 20.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: ONE-W Changed: 5/28/2010
Market Value $498.0 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 270 Park Avenue, New York, NY 10017 |
Main Phone Number |
212-270-6000 |
Fax Number |
212-752-4823 |
Investor Relations
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212-270-7325
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Toll Free Phone Number |
866-576-3228 |
CEO - James Dimon |
CFO - Douglas L. Braunstein |
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