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Security Details
- Coupon Rate
- 7.50%
- Liquidation Preference
- $25.00
- Call Price
- $25.00
- Call / Redemption Date
- 4/30/2006
- Maturity Date
- 2/15/2031
- Distribution Period
- Q
- Rate Type
- Fixed
- Annual Distribution
- 1.875
- Distribution Dates
- 1/31, 4/30, 7/31 & 10/31
- Credit Ratings
- Moody's A1 · S&P A- (12/16/2005)
- Tax-Advantaged Dividends
- No
Security Profile
Security has been called for December 4, 2006.
- CUSIP
- 46623C202
- Market Cap
- Mid Cap · $524 Million
- IPO
- 2/2/2001 · $25.00/share
- Parent Company
- J.P. Morgan Chase & Co. (JPM)
Business: JPMorgan Chase Capital IX, 7.50% Capital Securities, Series I, liquidation amount $25 per share, guaranteed by JPMorgan Chase & Co. (NYSE: JPM), redeemable at the issuer's option on or after 4/30/2006 at $25 per share plus accrued and unpaid dividends, maturing 2/15/2031, distributions of 7.50% ($1.875) per annum are paid quarterly on 1/31, 4/30, 7/31 & 10/31 to holders of record one business day prior to the payment date while the securities remain in book-entry form. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 7.50% Junior Subordinated Deferrable Interest Debentures, Series I due 2/15/2031 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.
Notes: November 3, 2006 -- JPMorgan Chase & Co. and J.P. Morgan Chase Capital IX, a Delaware business trust subsidiary of JPMorgan Chase & Co., have announced that J.P. Morgan Chase Capital IX (NYSE: JPT) will redeem on December 4, 2006, all of the outstanding shares of J.P. Morgan Chase Capital IX, Series I $500,000,000 7.50% Capital Securities (CUSIP 46623C202) due February 15, 2031, at a redemption price equal to the aggregate Liquidation Amount of $25 per 7.50% Capital Security plus accumulated and unpaid distributions of $0.177083. On the Redemption Date, distributions on the 7.50% Capital Securities will cease to accrue. Payment will be made on December 4, 2006, only upon presentation and surrender of the 7.50% Capital Securities to The Bank of New York as Paying Agent, for cancellation.
Company Contact
- CEO
- William B. Harrison, Jr.
- CFO
- Michael J. Cavanagh
- COO
- James Dimon
- Headquarters
- 270 Park Avenue, New York, NY 10017
- Phone
- 212-270-6000 · Toll-Free 866-576-3228
- Fax
- 212-752-4823
- Investor Relations
- Julie Bates · 212-270-7318