The company said in a press release dated January 27, 2025 that it will redeem all 300,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series HH, on February 1, 2025. The redemption totals $3.0 billion.

1. 01

   The company said in a press release dated January 27, 2025 that it will redeem all 300,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series HH, on February 1, 2025. The redemption totals $3.0 billion.

2. 02

   JPMorgan Chase said the Series HH preferred stock is represented by 3,000,000 depositary shares, with each depositary share representing a one-tenth interest in a share of Series HH preferred stock 1. The redemption price is $10,000 per preferred share and $1,000 per depositary share.

3. 03

   The company said the redemption payment will be made on February 3, 2025, the first business day after the redemption date of February 1, 2025. Payment will be made upon presentation and surrender of depositary receipts to Computershare Inc., the depositary. Book-entry depositary shares will be surrendered under The Depository Trust Company procedures.

4. 04

   The company said February 1, 2025 is the final dividend payment date for the Series HH preferred stock and the depositary shares. The record date for that dividend is January 2, 2025.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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