JPM: JP Morgan Chase: JPMorgan Chase Announces Redemption of Approximately $9.0 Billion in Aggregate Amount of Outstanding Trust
JPM: JP Morgan Chase: JPMorgan Chase Announces Redemption of Approximately $9.0 Billion in Aggregate Amount of Outstanding Trust Preferred Capital Securities UK Regulatory Announcement NEW YORK JPMorgan Chase & Co. (NYSE: JPM) – Following the Federal Reserve’s announcement on June 7, 2012 of proposed rules which will implement the phase-out of Tier 1 capital treatment for trust preferred capital securities, JPMorgan Chase & Co. announced today that each of the trusts listed below will redeem all of the issued and outstanding trust preferred capital securities identified below on July 12, 2012 pursuant to redemption provisions relating to the occurrence of a “Capital Treatment Event” (as defined in the documents governing those securities). In each case, the redemption price will be 100% of the liquidation amount of each trust preferred capital security, together with accrued and unpaid distributions to the redemption date. The redemptions will be funded with available cash. Trust Security Amount CUSIP JPMorgan 5.875% Capital Chase Securities, Series O $92,939,000 46627NAA3 Capital XV JPMorgan 5.850% Capital Chase Securities, Series Q $500,000,000 46627VAA5 Capital XVII JPMorgan Chase 6.950% Capital $750,000,000 481227AA4 Capital Securities, Series R XVIII JPMorgan 6.550% Capital Chase Securities, Series T $909,576,000 48123CAA2 Capital XX JPMorgan 6.450% Capital Chase Securities, Series V $913,773,000 48123QAA1 Capital XXII JPMorgan 6.800% Capital Chase Securities, Series Y $1,500,000,000 46631VAA9 Capital XXV JPMorgan Fixed-to-Floating Rate Chase Capital Securities, $1,815,000,000 48124G104 Capital XXVI Series Z JPMorgan Chase 7.000% Capital $1,000,000,000 48125BAA2 Capital Securities, Series AA XXVII JPMorgan Fixed-to-Floating Rate Chase Capital Securities, $1,500,000,000 48124Y204 Capital Series BB XXVIII About JPMorgan Chase & Co. JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.3 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. JPMorgan Chase & Co. Media: Joe Evangelisti, 212-270-7438 email@example.com or Investors: Sarah Youngwood, 212-270-7325 firstname.lastname@example.org Contact: JPMorgan Chase & Co.