---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-032100"
form_type: "8-K"
ticker: "JXN"
cik: "0001822993"
company_name: "Jackson Financial Inc."
filed_at: "2026-03-19T23:59:59+00:00"
generated_at: "2026-05-15T09:40:17.425859+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Jackson Financial issues $900M of P-Caps for on-demand capital and liquidity

## Summary
- $500M of 6.311% 2036 P-Caps and $400M of 7.280% 2056 P-Caps issued on March 19, 2026.
- Proceeds invested in U.S. Treasury strips; Company gains right to issue senior notes over 10/30 years.
- Semi-annual facility fees of 2.066% (2036) and 2.430% (2056) on unexercised portion.
- Automatic full exercise triggers include failure to pay fees or bankruptcy events.

## SEC filing metadata
- accession: 0001104659-26-032100
- form_type: 8-K
- ticker: JXN
- cik: 0001822993
- company_name: Jackson Financial Inc.
- filed_at: 2026-03-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822993/000110465926032100/0001104659-26-032100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822993/000110465926032100/tm269005d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-032100
- JSON: https://secwatch.observer/filing/0001104659-26-032100.json
- Plain text: https://secwatch.observer/filing/0001104659-26-032100.txt

## Source-grounded claims
- claim_id: fd565386206a3349ff54451a714c8c7b916d6afb
  claim: Jackson Financial Inc. incurred senior notes of $500,000,000 aggregate principal amount of 6.311% Senior Notes due 2036; $400,000,000 aggregate principal amount of 7.28 with Grand River Funding Trust I, Grand River Funding Trust II at 6.311% per annum for 2036 Senior Notes; 7.280% per annum for 2056 Senior Notes maturing February 15, 2036 for 2036 Senior Notes; February 15, 2056 for 2056 Senior Notes.
  evidence_excerpt: the Company also entered into separate facility agreements (each, a “Facility Agreement”) with each Trust and The Bank of New York Mellon Trust Company, N.A., as trustee for the Senior Notes. The Facility Agreements provide that the applicable Trust will grant the Company the right to require it to purchase, on one or more occasions, from the Company (each, an “Issuance Right”) the applicable Senior Notes in an aggregate principal amount, at any one time outstanding and held by the applicable Trust, in the case of the 2036 Trust, of up to $500,000,000 aggregate principal amount of the Company’s 2036 Senior Notes and, in the case of the 2056 Trust, of up to $400,000,000 aggregate principal amount of the Company’s 2056 Senior Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822993/000110465926032100/0001104659-26-032100-index.htm

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