JPMorgan issues $2.5B of 6.875% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series NN

JPMORGAN CHASE & CO

250,000 shares of Series NN, liquidation preference $10,000 per share, issued March 12, 2024.
Represented by 2,500,000 depositary shares, each a one-tenth interest, sold via underwritten offering.
Dividend restrictions apply on common and junior/preferred stock if Series NN dividends are not declared.
Certificate of Designations filed with Delaware Secretary of State on March 11, 2024.
Underwriting agreement with J.P. Morgan Securities LLC and others dated March 5, 2024.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

JPMORGAN CHASE & CO: Filed Certificate of Designations establishing Series NN Preferred Stock rights and preferences (effective 2024-03-11).

Change: charter amendment
Effective: 2024-03-11

Exact text from the filing

On March 11, 2024, the Company filed a Certificate of Designations, Powers, Preferences and Rights with the Secretary of State of the State of Delaware, establishing the rights, preferences, privileges, qualifications, restrictions and limitations relating to the Series NN Preferred Stock

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JPMORGAN CHASE & CO filing history →

Source: SEC EDGAR

accession 0001193125-24-065885

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