The company issued 300,000 shares of Series OO preferred stock on February 4, 2025, with a par value of $1.00 per share and a liquidation preference of $10,000 per share. Its 6.500% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series OO, was issued in that offering.

1. 01

   The company issued 300,000 shares of Series OO preferred stock on February 4, 2025, with a par value of $1.00 per share and a liquidation preference of $10,000 per share. Its 6.500% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series OO, was issued in that offering.

2. 02

   JPMorgan Chase said it deposited 300,000 shares of Series OO preferred stock against delivery of depositary receipts issued by Computershare Inc., which evidenced 3,000,000 depositary shares. The 1 depositary shares each represent a 1 in 10 interest in one of the 1 preferred shares.

3. 03

   The company said that if it does not declare dividends on the Series OO preferred stock for the most recently completed dividend period, its ability to pay dividends on, make distributions on, or redeem, purchase or acquire its common stock and any preferred stock ranking on a parity with or junior to the Series OO preferred stock will be restricted. The same restrictions apply to liquidation payments if it does not pay Series OO holders liquidation distributions of $10,000 per share plus any declared and unpaid dividends.

4. 04

   The company said it filed the Certificate of Designations setting out the rights and restrictions of Series OO with the Delaware Secretary of State on February 3, 2025, and that it took effect upon filing. It said it completed the issuance and sale of the shares on January 28, 2025 under an Underwriting Agreement, with the sale completed on February 4.

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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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