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JPMorgan Chase Capital XIX, 6.625% Capital Securities, Series S
Ticker Symbol: JPM-S* CUSIP: 48123A207 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.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: JPMorgan Chase Capital XIX, 6.625% Capital Securities, Series S, liquidation amount $25 per share, guaranteed by J.P. Morgan Chase (NYSE: JPM) (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 9/29/2011 at $25 per share plus accrued and unpaid dividends, and maturing 9/29/2036. Distributions of 6.625% ($1.65625) per annum are paid quarterly on 3/29, 6/29, 9/29 & 12/29 to holders of record on the record date one business day prior to the payment date while the securities remain in book-entry form (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by trust preferred securities are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. 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 6.625% Junior Subordinated Deferrable Interest Debentures due 9/29/2036 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 - 9/25/2006 - 20.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: JPMCP Changed: 10/05/2006
Market Value $500.0 Million
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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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