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JPMorgan Chase Announces Completion and Final Results of its Cash Tender Offer for Certain Senior Notes
New York– August 27, 2019
JPMorgan Chase & Co. (“JPMorgan Chase”) announced today the completion and final results for its cash tender offer (the “Offer”) to purchase any and all of its securities listed below (the “Securities”). JPMorgan Chase has been advised that the aggregate principal amounts specified in the table below have been validly tendered and not validly withdrawn pursuant to the Offer.
|CUSIP Number||Title of Security||Interest Rate||Maturity||Aggregate Principal Amount Outstanding||Aggregate Principal Amount Validly Tendered and Not Validly Withdrawn(1)|
|46625HKA7||2.250% Notes due 2020||2.250%||January 23, 2020||$3,750,000,000||$636,459,000|
|46625HKB5||Floating Rate Notes due 2020||3 month LIBOR + 0.955%||January 23, 2020||$1,150,000,000||$402,343,000|
|46625HHQ6||4.950% Notes due 2020||4.950%||March 25, 2020||$1,500,000,000||$294,834,000|
|46625HLW8||2.750% Notes due 2020||2.750%||June 23, 2020||$2,250,000,000||$658,211,000|
|46625HHS2||4.40% Notes due 2020||4.40%||July 22, 2020||$2,500,000,000||$708,109,000|
(1) Excludes $67,000 of 2.250% Notes due 2020, $1,068,000 of Floating Rate Notes due 2020, $156,000 of 4.950% Notes due 2020, $105,000 of 2.750% Notes due 2020 and $280,000 of 4.40% Notes due 2020 tendered by Notice of Guaranteed Delivery as to which tendered securities have yet to be delivered.
The $2,699,956,000 aggregate principal amount of Securities validly tendered and not validly withdrawn does not include an aggregate of $1,676,000 principal amount of Securities tendered in accordance with guaranteed delivery procedures, which Securities must be delivered by 5:00 p.m., New York City time, on August 28, 2019 as set forth in the Offer to Purchase referenced below.
The Offer expired at 5:00 p.m., New York City time, on August 26, 2019. JPMorgan Chase has accepted for payment all Securities validly tendered and not validly withdrawn pursuant to the Offer. Under the terms of the Offer, Securities validly tendered other than by notice of guaranteed delivery and not validly withdrawn will be paid for on the initial settlement date, which is expected to be today, August 27, 2019. Under the terms of the Offer, Securities validly tendered by notice of guaranteed delivery and not validly withdrawn will be paid for on the final settlement date, which is expected to be August 29, 2019.
The Offer was being made pursuant to an Offer to Purchase dated August 20, 2019 and the related Notice of Guaranteed Delivery.
J.P. Morgan Securities LLC acted as dealer manager for the Offer, and D.F. King & Co., Inc. is serving as the tender agent and information agent. Requests for documents may be directed to D.F. King & Co., Inc. by telephone at +1-212-269-5550 (banks and brokers) or +1 800-659-6590 or email at email@example.com. Questions regarding the Offer may be directed to J.P. Morgan Securities LLC at +1 866-834-4666 or collect at +1 212-834-4811.
This press release is for informational purposes only and does not constitute an offer to purchase nor the solicitation of an offer to sell any Securities. The Offer was made only pursuant to the Offer to Purchase and related Notice of Guaranteed Delivery and was not made to holders of Securities in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.7 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
Jason Scott, 212-270-2479
Joseph Evangelisti, 212-270-7438