---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-029612"
form_type: "8-K"
ticker: "JXN"
cik: "0001822993"
company_name: "Jackson Financial Inc."
filed_at: "2023-03-07T23:59:59+00:00"
generated_at: "2026-06-18T09:59:12.142192+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Jackson Financial prices $550M depositary shares offering to repay $600M senior notes

## Summary
- Priced 22,000,000 depositary shares at $25 each for gross proceeds of $550 million.
- Underwriters have a 30-day option to purchase up to 2,000,000 additional shares.
- Net proceeds plus cash on hand will repay $600M of senior notes maturing Nov 2023.
- Depositary shares to list on NYSE under symbol 'JXN PR A'; closing expected March 13, 2023.
- Joint book-running managers: Wells Fargo, BofA, J.P. Morgan, Morgan Stanley.

## SEC filing metadata
- accession: 0001104659-23-029612
- form_type: 8-K
- ticker: JXN
- cik: 0001822993
- company_name: Jackson Financial Inc.
- filed_at: 2023-03-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822993/000110465923029612/0001104659-23-029612-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822993/000110465923029612/tm238709d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-029612
- JSON: https://secwatch.observer/filing/0001104659-23-029612.json
- Plain text: https://secwatch.observer/filing/0001104659-23-029612.txt

## Key facts
- Material Agreements
  Jackson Financial Inc. entered into Underwriting Agreement with Wells Fargo Securities, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC valued at 22,000,000 Depositary Shares (effective 2023-03-06).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Wells Fargo Securities, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
  - Value: 22,000,000 Depositary Shares
  - Effective: 2023-03-06
  source text: On March 6, 2023, Jackson Financial Inc. (the “Company”) entered into an underwriting agreement with Wells Fargo Securities, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, as representatives of the underwriters named therein, providing for the issuance, subject to the satisfaction of certain conditions, of 22,000,000 Depositary Shares
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822993/000110465923029612/0001104659-23-029612-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.