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JPMorgan Chase To Redeem All $2.9 Billion Of Its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I Represented By Depositary Shares

New York

– September 30, 2022

JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) has announced that on October 31, 2022 it will redeem all of the 293,375 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I (“Series I Preferred Stock”). The shares of Series I Preferred Stock are represented by 2,933,750 depositary shares (CUSIP: 46625HHA1), with each depositary share representing a one-tenth interest in a share of Series I Preferred Stock. The redemption price per share for the Series I Preferred Stock will be $10,000 (equivalent to $1,000 per depositary share).

Payment of the redemption price will be made on the redemption date of October 31, 2022, upon presentation and surrender of the depositary receipts evidencing the depositary shares to be redeemed to Computershare Inc., as Depositary, at 150 Royall Street, Canton, Massachusetts  02021. Depositary shares held in book-entry form shall be surrendered in accordance with applicable procedures of The Depository Trust Company.

October 31, 2022 is also the final dividend payment date for the Series I Preferred Stock and the depositary shares. The record date for that dividend is September 30, 2022.

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $3.8 trillion in assets and $286.1 billion in stockholders’ equity as of June 30, 2022. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

Investor Contact:   
Mikael Grubb  
212-270-2479          

Media Contact:
Joseph Evangelisti          
212-270-7438

Contact Information


For help as a customer or client:

For shareholder and fixed income assistance, please contact
Investor Relations
JPMorgan Chase & Co.
277 Park Avenue
New York, NY 10172-0003
212-270-2479
JPMCinvestorrelations@jpmchase.com

Stock Trade Information

 

Stock Transfer Agent:
Computershare

By regular mail:
Computershare
P.O. Box 505000
Louisville, KY, 40233

By overnight delivery:
462 South 4th Street
Suite 1600
Louisville, KY, 40202
800-758-4651 (toll free)
201-680-6862 (international)
www.computershare.com