JPMorgan issues $3B of 6.500% Reset Non-Cumulative Preferred Stock, Series OO

JPMORGAN CHASE & CO

Issued 300,000 shares of Series OO Preferred, liquidation preference $10,000 per share (total $3 billion).
Depositary shares (3,000,000) each representing 1/10th interest; trade under new symbol? Not specified.
Dividend rate 6.500% fixed-rate reset; restrictions on common dividends if preferred dividends not paid.
Underwriting agreement dated Jan 28, 2025; issuance completed Feb 4, 2025.

item 3.03 item 5.03 item 8.01 item 9.01

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 OO Preferred Stock (effective 2025-02-03).

Change: charter amendment
Effective: 2025-02-03

Exact text from the filing

On February 3, 2025, 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 OO Preferred Stock

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JPMORGAN CHASE & CO filing history →

Source: SEC EDGAR

accession 0001193125-25-020070

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