Fixed Income Information

Presentations

JPMorgan Chase 2019 Investor Day - Firm Overview

Credit Ratings

Moody's S&P Fitch
Outlook Stable Stable Stable
Long-term issuer rating A2 A- AA-
Short-term issuer rating P-1 A-2 F1+
Senior unsecured A2 A- AA-
Subordinated debt A3 BBB+ A+
Trust Preferred Baa1 BBB- BBB+
Preferred stock Baa2 BBB- BBB
Moody's S&P Fitch
Outlook Stable Stable Stable
Long-term issuer rating Aa2 A+ AA
Short-term issuer rating P-1 A-1 F1+
Senior unsecured Aa2 A+ AA
Short-term P-1 A-1 F1+
Long-term domestic deposits Aa1 N/A AA+
Subordinated debt Aa3 A- A+
Moody's S&P Fitch
Outlook Stable Stable Stable
Long-term issuer rating Aa3 A+ AA
Short-term issuer rating P-1 A-1 F1+
Moody's S&P Fitch
Outlook Stable Stable Stable
Long-term issuer rating Aa3 A+ AA
Short-term issuer rating P-1 A-1 F1+

These credit ratings are provided for information purposes only. Credit ratings are solely the opinions of the rating agencies. JPMorgan Chase does not endorse, and accepts no responsibility for, the credit ratings issued by the rating agencies. Credit ratings may be changed, superseded or withdrawn by the rating agencies at any time.

Legal Entity Management

Material Legal Entities1

Material Entities Diagram

View Text Version of Material Entities Diagram

1 An MLE is a subsidiary or foreign office that is significant to the activities of a critical operation or core business line. MLEs reported under the Dodd-Frank Act may differ from the significant legal entity subsidiaries that are reported in JPM Group’s SEC filings.

Long–term Unsecured Issuance and Securitizations

Senior and Subordinated Debt

JPMorgan Chase & Co. trailing 12-month senior and subordinated benchmark debt issuance

ISIN / Link
to Prospectus
Type Coupon Currency Notional
(mm)
Issue
Date
Maturity
Date
US46647PBD78 Senior – Callable 3.702% until 5/6/29; then 3m USD Libor + 1.160% USD 2,500 5/6/2019 5/6/2030
US46647PBB13 Senior – Callable 3.207% until 4/1/22; then 3m USD Libor + 0.695% USD 2,250 3/22/2019 4/1/2023
XS1960248919 Senior – Callable 1.090% until 3/1/26; then 3m EUR Libor + 0.76% EUR 2,000 3/11/2019 3/11/2027
US46647PBA30 Senior – Callable 3.960% until 1/29/26; then 3m USD Libor + 1.245% USD 2,000 1/29/2019 1/29/2027
US46647PAY25 Senior – Callable 4.023% until 12/5/23; then 3m USD Libor + 1.00% USD 2,500 12/5/2018 12/5/2024
US46647PAX42 Senior – Callable 4.452% until 12/5/28; then 3m USD Libor + 1.33% USD 2,500 12/5/2018 12/5/2029
US46647PAW68 Senior – Callable 3m USD Libor + 0.89% USD 1,000 7/16/2018 7/23/2024
US46647PAU03 Senior – Callable 3.797% until 7/23/23; then 3m USD Libor + 0.89% USD 2,500 7/16/2018 6/18/2024
US46647PAV85 Senior – Callable 4.203% until 7/23/28; then 3m USD Libor + 1.26% USD 2,500 7/16/2018 6/18/2029
XS1835955474 Senior – Callable 1.812% until 6/12/2028; then 3m EUR Libor + 0.95% EUR 1,000 6/12/2018 6/12/2029
US46647PAS56 Senior – Callable 3.514% until 6/18/2021; then 3m USD Libor + 0.61% USD 1,400 6/18/2018 6/18/2022
US46647PAT30 Senior – Callable 3m USD Libor + 0.61% USD 1,100 6/18/2018 6/18/2022
US46647PAR73 Senior – Callable 4.005% until 4/23/2028; then 3m USD Libor + 1.12% USD 2,250 4/23/2018 4/23/2029
US46647PAQ90 Senior – Callable 3m USD Libor + 0.73% USD 500 4/23/2018 4/23/2024
US46647PAP18 Senior – Callable 3.559% until 4/23/2023; then 3m USD Libor + 0.73% USD 1,750 4/23/2018 4/23/2024
US46647PAN69 Senior – Callable 3.897% until 1/23/2048; then 3m USD Libor + 1.22% USD 1,750 1/23/2018 1/23/2049
US46647PAM86 Senior – Callable 3.509% until 1/23/2028; then 3m USD Libor + 0.945% USD 2,250 1/23/2018 1/23/2029
Preferred Stock

JPMorgan Chase & Co. outstanding preferred stock

CUSIP or ISIN
Link to Prospectus
Name (Ticker) Coupon Currency Notional (mm) Issue Date Maturity Date Callable on or after
48128B648 Non-
Cumulative
Preferred
Stock,
Series EE (JPM PR C)
6.000% USD 1,850 1/24/2019 Perpetual 3/1/2024
48128B655 Non-
Cumulative
Preferred
Stock,
Series DD (JPM PR D)
5.750% USD 1,696 09/21/18 Perpetual 12/01/23
48128BAD3 Non-
Cumulative
Preferred
Stock,
Series CC
4.625% until 11/01/22; then 3m USD Libor + 2.58% USD 1,258 10/20/17 Perpetual 11/01/22
46625HHA1 Non-
Cumulative
Preferred
Stock,
Series I
7.900% until 04/30/18; then 3m USD Libor + 3.47% USD 4,304 04/23/08 Perpetual 04/30/18
46637G124 Non-
Cumulative
Preferred
Stock,
Series P (JPM PR A)
5.450% USD 900 02/05/13 Perpetual 03/01/18
48124BAC9 Non-
Cumulative
Preferred
Stock,
Series Q
5.150% until 05/01/23; then 3m USD Libor + 3.25% USD 1,500 04/23/13 Perpetual 05/01/23
48126HAA8 Non-
Cumulative
Preferred
Stock,
Series R
6.000% until 08/01/23; then 3m USD Libor + 3.30% USD 1,500 07/29/13 Perpetual 08/01/23
46625HJQ4 Non-
Cumulative
Preferred
Stock,
Series S
6.750% until 02/01/24; then 3m USD Libor + 3.78% USD 2,000 01/22/14 Perpetual 02/01/24
46625HJW1 Non-
Cumulative
Preferred
Stock,
Series U
6.125% until 04/30/24; then 3m USD Libor + 3.33% USD 1,000 03/10/14 Perpetual 04/30/24
48127FAA1 Non-
Cumulative
Preferred
Stock,
Series V
5.000% until 07/01/19; then 3m USD Libor + 3.32% USD 2,500 06/09/14 Perpetual 07/01/19
481246700 Non-
Cumulative
Preferred
Stock,
Series W (JPM PR E)
6.300% USD 880 06/23/14 Perpetual 09/01/19
48126HAC4 Non-
Cumulative
Preferred
Stock,
Series X
6.100% until 10/01/24; then 3m USD Libor + 3.33% USD 1,600 09/23/14 Perpetual 10/01/24
48127R461 Non-
Cumulative
Preferred
Stock,
Series Y (JPM PR F)
6.125% USD 1,430 02/12/15 Perpetual 03/01/20
46625HKK5 Non-
Cumulative
Preferred
Stock,
Series Z
5.300% until 05/01/20; then 3m USD Libor + 3.80% USD 2,000 04/21/15 Perpetual 05/01/20
48127X542 Non-
Cumulative
Preferred
Stock,
Series AA (JPM PR G)
6.100% USD 1,425 06/04/15 Perpetual 09/01/20
48127V827 Non-
Cumulative
Preferred
Stock,
Series BB (JPM PR H)
6.150% USD 1,150 07/29/15 Perpetual 09/01/20
Holders of JPMorgan Chase & Co.'s debt and equity securities will absorb losses if it were to enter into a resolution.

Federal Reserve rules require that JPMorgan Chase & Co. (the “Parent Company”) maintain minimum levels of unsecured external long-term debt and other loss-absorbing capacity with specific terms (“eligible LTD”) for purposes of recapitalizing JPMorgan Chase’s operating subsidiaries if the Parent Company were to enter into a resolution either:

  • in a bankruptcy proceeding under Chapter 11 of the U.S. Bankruptcy Code, or
  • in a receivership administered by the FDIC under Title II of the Dodd-Frank Act (“Title II”).

If the Parent Company were to enter into a resolution, holders of eligible LTD and other debt and equity securities of the Parent Company will absorb the losses of the Parent Company and its subsidiaries.

The preferred “single point of entry” strategy under JPMorgan Chase’s resolution plan contemplates that only the Parent Company would enter bankruptcy proceedings. JPMorgan Chase’s subsidiaries would be recapitalized, as needed, so that they could continue normal operations or subsequently be divested or wound down in an orderly manner. As a result, the Parent Company’s losses and any losses incurred by its subsidiaries would be imposed first on holders of the Parent Company’s equity securities and thereafter on its unsecured creditors, including holders of eligible LTD and other debt securities. Claims of holders of those securities would have a junior position to the claims of creditors of JPMorgan Chase’s subsidiaries and to the claims of priority (as determined by statute) and secured creditors of the Parent Company.

Accordingly, in a resolution of the Parent Company in bankruptcy, holders of eligible LTD and other debt securities of the Parent Company would realize value only to the extent available to the Parent Company as a shareholder of JPMorgan Chase Bank, N.A. and its other subsidiaries, and only after any claims of priority and secured creditors of the Parent Company have been fully repaid.

The FDIC has similarly indicated that a single point of entry recapitalization model could be a desirable strategy to resolve a systemically important financial institution, such as the Parent Company, under Title II. However, the FDIC has not formally adopted a single point of entry resolution strategy.

If the Parent Company were to approach, or enter into, a resolution, none of the Parent Company, the Federal Reserve or the FDIC is obligated to follow JPMorgan Chase’s preferred strategy, and losses to holders of eligible LTD and other debt and equity securities of the Parent Company, under whatever strategy is ultimately followed, could be greater than they might have been under JPMorgan Chase’s preferred strategy.

No Offer or Solicitation

The contents of this website are provided for information purposes only and do not constitute an offer to sell or the solicitation of an offer to buy any securities.

Investment Considerations

An investment in securities entails certain risks, including those described in the offering documents relating to the securities. Information contained on this website may not be sufficient for a prospective investor to make an informed decision regarding an investment in any securities issued or sponsored by JPMorgan Chase or any of its affiliates. Reported performance results may not be indicative of future results. Prospective investors should consult their own financial and legal advisors about risks associated with investments in a particular issue of securities and the suitability of investing in such securities in light of their particular circumstances.

Information Subject to Change

JPMorgan Chase and its affiliates reserve the right to amend or revise any information or documents contained on this website at any time without notice. In particular, program and transaction documents contained on this website may be amended, supplemented or otherwise modified from time to time.

Website Contains Dated Materials

This website operates as, among other things, an archive for offering documents and other materials prepared from time to time with respect to specific issuances of securities. The information and documents contained on this website speak only as of the dates indicated therein and may not be accurate as of any subsequent date. JPMorgan Chase and its affiliates do not undertake any obligation or assume any responsibility to update any of such information or documents.

No Liability

In no event shall JPMorgan Chase or any of its affiliates be liable for any damages of any kind (including, without limitation, special, incidental, indirect or consequential damages) on any theory of liability arising out of or in connection with the use of any information on this website.

Non-Deposit Products

The securities described on this website are not insured or guaranteed by the FDIC or any other governmental agency or instrumentality, and are not bank deposits, obligations or guarantees.