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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): October 31, 2019

 

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 5.45% Non-Cumulative Preferred Stock, Series P

 

JPM PR A

 

The New York Stock Exchange

         

Depositary Shares, each representing a one-four hundredth interest in a share of 6.125% Non-Cumulative Preferred Stock, Series Y

 

JPM PR F

 

The New York Stock Exchange

         

Depositary Shares, each representing a one-four hundredth interest in a share of 6.10% Non-Cumulative Preferred Stock, Series AA

 

JPM PR G

 

The New York Stock Exchange

         

Depositary Shares, each representing a one-four hundredth interest in a share of 6.15% Non-Cumulative Preferred Stock, Series BB

 

JPM PR H

 

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

         

Alerian MLP Index ETNs due May 24, 2024

 

AMJ

 

NYSE Arca, Inc.

         

Guarantee of Callable Step-Up Fixed Rate Notes due April 26, 2028 of JPMorgan Chase Financial Company LLC

 

JPM/28

 

The New York Stock Exchange

         

Guarantee of Cushing 30 MLP Index ETNs due June 15, 2037 of JPMorgan Chase Financial Company LLC

 

PPLN

 

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 October 31, 2019, JPMorgan Chase & Co. issued a press release announcing that it has launched an offering of fixed-rate Non-Cumulative Preferred Stock, Series GG which will be represented by depositary shares, and that it intends to redeem on December 1, 2019 some or all of the 90,000 outstanding shares of its 5.45% Non-Cumulative Preferred Stock, Series P represented by depositary shares.

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 October 31, 2019

         
 

   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: October 31, 2019

Exhibit 99

 

JPMorgan Chase & Co.

383 Madison Avenue, New York, NY 10179-0001

NYSE symbol: JPM

www.jpmorganchase.com

   LOGO

 

 

News release: IMMEDIATE RELEASE

JPMorgan Chase Announces Offering of Preferred Stock

and Redemption of Outstanding Preferred Stock

New York, October 31, 2019 – JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) announces that it has launched an offering (the “Offering”) of fixed-rate Non-Cumulative Preferred Stock, Series GG (“Series GG Preferred Stock”) which will be represented by depositary shares (“Series GG Depositary Shares”). In addition, JPMorgan Chase announces that it intends to redeem (the “Redemption”) some or all of the 90,000 outstanding shares of its 5.45% Non-Cumulative Preferred Stock, Series P (“Series P Preferred Stock”) on December 1, 2019 (the “Redemption Date”). The shares of Series P Preferred Stock are represented by 36,000,000 depositary shares (“Series P Depositary Shares”), with each Series P Depositary Share (CUSIP: 46637G124) representing a 1/400th interest in a share of Series P Preferred Stock. The aggregate liquidation value of the Series P Preferred Stock that JPMorgan Chase intends to redeem on the Redemption Date will be equal to the aggregate liquidation value of the shares of Series GG Preferred Stock that are issued upon the closing of the Offering, which is scheduled to be completed on November 7, 2019.

The Firm will furnish additional information concerning the Redemption, including the amount of shares of Series P Preferred Stock to be redeemed, in the notice of redemption which will be issued on November 1, 2019.

J.P. Morgan Securities LLC is acting as the sole book-running manager for the Offering. The Offering is being made only by means of a preliminary prospectus supplement and the accompanying base prospectus, copies of which may be obtained on the Securities and Exchange Commission’s website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and the accompanying base prospectus may be obtained from J.P. Morgan Securities LLC, Attention: Investment Grade Syndicate Desk, 383 Madison Avenue, New York, NY 10179, telephone: 1-212-834-4533.

This press release does not constitute an offer to sell or the solicitation of an offer to buy Series GG Depositary Shares or any other securities, nor shall there be any sale of Series GG Depositary Shares in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

 

Investor Contact:    Jason Scott       Media Contact: Joseph Evangelisti
   212-270-2479                                  212-270-7438

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.8 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers 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.

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Investor Contact:    Jason Scott       Media Contact: Joseph Evangelisti
   212-270-2479                                  212-270-7438