lodas
28 minutes ago
WMI has spoken through the language of the SEC filed documents of how the Chapter 11, and the disposition of assets , both reportable, and those, not required to be reported were finalized....I posted these relevant documents a gazillion times....In a nutshell, you were paid for your prior values in WAMU/WMI in stock in the new company, in return for your release signature, then all values of the previous company that you held were cancelled , and extinguished.... yada, yada, yada...
Royal Dude
5 hours ago
Came out today 1/28/25
The information in this prospectus supplement is not complete and may be changed. This prospectus supplement and the accompanying prospectus are not an offer to sell these securities and are not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.
SUBJECT TO COMPLETION, DATED JANUARY 28, 2025
Prospectus Supplement
(To Prospectus dated April 11, 2022)
LOGO
DEPOSITARY SHARES
EACH REPRESENTING A ONE-TENTH INTEREST IN A SHARE OF
% FIXED-RATE RESET NON-CUMULATIVE PREFERRED STOCK, SERIES OO
We are offering depositary shares, each representing a one-tenth interest in a share of our perpetual % Fixed-Rate Reset Non-Cumulative Preferred Stock, Series OO, $1 par value, with a liquidation preference of $10,000 per share (equivalent to $1,000 per depositary share) (the “Preferred Stock”). Each depositary share entitles the holder, through the depositary, to a proportional fractional interest in all rights, powers and preferences of the Preferred Stock represented by the depositary share.
We will pay dividends on the Preferred Stock, when, as, and if declared by our board of directors or a duly authorized committee of our board, quarterly in arrears, on , , and of each year, beginning on . From the original issue date to, but excluding, , we will pay dividends when, as, and if declared by our board or such committee at a rate of % per annum, beginning on . From and including , for each reset period (as described in this prospectus supplement), we will pay dividends when, as, and if declared by our board or such committee at a rate equal to a five-year treasury rate (as described in this prospectus supplement) as of the most recent reset dividend determination date (as described in this prospectus supplement) plus a spread of % per annum, beginning on . Dividends on the Preferred Stock will not be cumulative. Upon the payment of any dividends on the Preferred Stock, holders of depositary shares will receive a related proportionate payment.
We may redeem the Preferred Stock on any dividend payment date on or after , in whole at any time or from time to time in part, at a redemption price equal to $10,000 per share (equivalent to $1,000 per depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends. We may also redeem the Preferred Stock after a capital treatment event (as described in this prospectus supplement), subject to regulatory approval. If we redeem any Preferred Stock, the depositary will redeem the related depositary shares.
See “Risk Factors” beginning on page S-6 for a discussion of certain risks that you should consider in connection with an investment in the depositary shares.
Neither the Preferred Stock nor the depositary shares are deposits or other obligations of a bank or are insured by the Federal Deposit Insurance Corporation or any other governmental agency.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the depositary shares or Preferred Stock or determined that this prospectus supplement or the attached prospectus is accurate or complete. Any representation to the contrary is a criminal offense.
Per
Depositary
Share Total
Public Offering Price(1)
$ $
Underwriting Commissions
$ $
Proceeds (before expenses)(1)
$ $ (1) The public offering price does not include accumulated dividends, if any, that may be declared. Dividends, if declared, will accumulate from the date of original issuance, which is expected to be , 2025.
We do not intend to list the depositary shares or the Preferred Stock on any securities exchange. Currently, there is no public trading market for the depositary shares or the Preferred Stock.
We expect to deliver the depositary shares to investors through the book-entry delivery system of The Depository Trust Company and its direct participants, including Euroclear Bank SA/NV and Clearstream Banking, S.A., on or about , 2025.
Our affiliates, including J.P. Morgan Securities LLC, may use this prospectus supplement and the attached prospectus in connection with offers and sales of the depositary shares in the secondary market. These affiliates may act as principal or agent in those transactions. Secondary market sales will be made at prices related to market prices at the time of sale.
https://www.sec.gov/Archives/edgar/data/19617/000119312525013905/d929943d424b2.htm
Prospectus
LOGO
$150,000,000,000
Debt Securities
Preferred Stock
Depositary Shares
Common Stock
Warrants
Units
Up to $150,000,000,000, or the equivalent thereof in any other currency, of these securities may be offered from time to time, in amounts, on terms and at prices that will be determined at the time they are offered for sale. These terms and prices will be described in more detail in one or more supplements to this prospectus, which will be distributed at the time the securities are offered. Our common stock is listed on the New York Stock Exchange under the symbol “JPM.” The other securities that we may offer from time to time under this prospectus may be listed on the New York Stock Exchange or another national securities exchange, as specified in the applicable prospectus supplement.
AZCowboy
11 hours ago
~ Back On The WMIH / with its 2018 acquisition "COOP" Job', ... now, at ease with ALL WaMu Expenses Recovered with ol cactus Profit Taken', however still holding a position, now a bit smaller of course, but still a substantial "COOP" position, now, similar to the original WMIHC 2012' shares issued at the Holding Company's Reorganization, for the uq', p, & k, conversions ... Back To Investor Basics' ~
... Who or What Entity is packaging the mortgages ? ... for the 2018 Acquired Sub Grouping ? ... and the one operational sub ? ... "predecessor operational protocol" ... ?
Mr. Cooper Group Inc is a home loan servicer. The company focuses on delivering a variety of servicing and lending products. It has two operating segments namely Servicing, and Originations. The company derives the maximum revenue from the Originations segment. The Originations segment originates
Yes, something is up ...
in my opinion, as openly stated by COOP, with inbound revenue depending on originations ? ... WILL NOT provide enough ... the Original WMI used a much different business model'
just sayin'
AZ
Royal Dude
11 hours ago
For February 4th also for the FDIC NY Southern District to release public document of Libor probable IMO not to be released.
JPMorgan Chase Financial Company LLC
Medium-Term Notes, Series A
$
Digital Equity Notes due 2026
(Linked to the EURO STOXX 50® Index)
Fully and Unconditionally Guaranteed by JPMorgan Chase & Co.
The notes will not bear interest. The amount that you will be paid on your notes on the stated maturity date (July 10, 2026, subject to adjustment) is based on the performance of the EURO STOXX 50® Index (which we refer to as the underlier) as measured from and including the trade date (on or about January 28, 2025) to and including the determination date (July 8, 2026, subject to adjustment). If the final underlier level on the determination date is greater than or equal to 85.00% of the initial underlier level (set on the trade date), you will receive the threshold settlement amount (expected to be between $1,106.80 and $1,125.60 for each $1,000 principal amount note). If the final underlier level declines by more than 15.00% from the initial underlier level, the return on your notes will be negative. You could lose your entire investment in the notes. Any payment on the notes is subject to the credit risk of JPMorgan Chase Financial Company LLC (“JPMorgan Financial”), as issuer of the notes, and the credit risk of JPMorgan Chase & Co., as guarantor of the notes.
To determine your payment at maturity, we will calculate the underlier return, which is the percentage increase or decrease in the final underlier level from the initial underlier level. On the stated maturity date, for each $1,000 principal amount note, you will receive an amount in cash equal to:
?if the underlier return is greater than or equal to -15.00% (the final underlier level is greater than or equal to 85.00% of the initial underlier level), the threshold settlement amount; or?if the underlier return is below -15.00% (the final underlier level is less than the initial underlier level by more than 15.00%), the sum of (i) $1,000 plus (ii) the product of (a) $1,000 times (b) approximately 1.1765 times (c) the sum of the underlier return plus 15.00%. You will receive less than $1,000.
Your investment in the notes involves certain risks, including, among other things, our credit risk. See “Risk Factors” on page S-2 of the accompanying prospectus supplement, Annex A to the accompanying prospectus addendum, “Risk Factors” on page PS-11 of the accompanying product supplement and “Selected Risk Factors” on page PS-12 of this pricing supplement.
The foregoing is only a brief summary of the terms of your notes. You should read the additional disclosure provided herein so that you may better understand the terms and risks of your investment.
The estimated value of the notes, when the terms of the notes are set, will be provided in the final pricing supplement and is expected to be between $977.70 and $987.70 per $1,000 principal amount note. See “Summary Information — The Estimated Value of the Notes” on page PS-7 of this pricing supplement for additional information about the estimated value of the notes and “Summary Information — Secondary Market Prices of the Notes” on page PS-8 of this pricing supplement for information about secondary market prices of the notes.
Original issue date (settlement date): on or about February 4, 2025
Original issue price: 100.00% of the principal amount
Underwriting commission/discount: 0.00% of the principal amount
Net proceeds to the issuer: 100.00% of the principal amount
See “Summary Information — Supplemental Use of Proceeds” on page PS-8 of this pricing supplement for information about the components of the original issue price of the notes.
https://www.sec.gov/Archives/edgar/data/1665650/000121390025007173/ea0228878-01_424b2.htm
lodas
24 hours ago
PickStock..... I asked AZCowboy to assess the "most basic" statement by WMI, that starts the whole evolution, or genesis, of returning values, post chapter 11 closing to former holders...I was summarily dismissed as being "stuck in the 2013 WMIH 10-K, and no response was given to my question...The question was the literal meaning of common and preferred were cancelled, and extinguished by the company.., and, if, the statement portends some future recovery post chapter 11...This question is seminal to any discussion on the message board, and is binary, that is yes, or no that future recovery is beyond that statement... he refuses to answer it, so the messages go back and forth in perpetuity, 13 years, and counting...to me, the statement that WMI makes that Preferred were converted to common, then cancelled and extinguished in return for shares in the new company speaks the essence of what WMI meant, and intended... Lodas
ron_66271
1 day ago
JPM Has Settled! ‘We Did Nothing Wrong’.
We know better. LIBOR is all about settling the Derivative Market Meltdown of 2008.
Yes JPM & BofA + were manipulating the LIBOR rate through the currency market.
Totally illegal.
“ISDA Master Agreements”.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175708037
Yes JPM is raising cash.
JD did not get the Treasury job!
Filed Friday. Now we know why COOP moved today.
44650
1/24/2025
“STIPULATION AND ORDER CLARIFYING THE SCOPE OF DR. DENNIS CARLTON'S OPINIONS AND TERMINATING PLAINTIFFS' DAUBERT MOTION NOW, THEREFORE, the undersigned parties, through their attorneys and subject to the Court's approval, stipulate as follows: 1.Counsel for JPMorgan will not elicit, and Dr. Carlton will not offer, testimony attrial expressing (a) the ultimate conclusion that JPMorgan (or any other alleged co-conspirator) did not enter into an agreement or conspiracy to persistently suppress USD LIBOR, or (b) his view that the record shows JPMorgan (or any other alleged co-conspirator) did not enter into an agreement or conspiracy to persistently suppress USD LIBOR; 2.Nothing in this stipulation shall preclude Dr. Carlton from offering opinions or testimony other than opinions and testimony expressly identified in Paragraph 1 herein. For the avoidance of doubt, counsel for JPMorgan may elicit, and Dr.Carlton may offer, testimony at trial expressing the opinion that the market structure and behavior, economic conditions, competitive incentives, conduct of JPMorgan and other market participants, and record evidence, are inconsistent with collusion and consistent with unilateral action; 3.OTC Plaintiffs reserve all challenges other than those under Daubert and Federal Rule of Evidence 702 - to the admissibility of Dr. Carltons testimony and opinions at trial. 4.Dr. Carlton is not required to amend any of the Reports; 5.Plaintiffs' Motion to Exclude Certain Opinions of Dr. Dennis Carlton, ECF Doc.No. 4159, is withdrawn. SO ORDERED. Motions terminated: [4159] MOTION in Limine to Exclude Certain Opinions of Dr. Dennis Carlton. filed by Principal Life Insurance Company, City of New Britain, Principal Variable Contracts Funds, Inc., Jennie Stuart Medical Center, Inc., PRINCIPAL VARIABLE CONTRACTS FUND, INC., Vistra Energy Corp., Principal Financial Group, Inc., Principal Funds, Inc., Yale University, Mayor and City Council of Baltimore, Principal Financial Services, Inc., Federal Deposit Insurance, Federal Deposit Insurance Corporation. (Signed by Judge Naomi Reice Buchwald on 1/24/2025)“
AZCowboy
1 day ago
~ Appreciated Dragoon', I thought everyone understood that simple investing concept ! ! ! , ... "toothpicks" is fixated on anything and everything "cactus" posts, So, every time, I Need To Remind Her about the 10 bagger WMIH / COOP plus', that covered ALL of the Ol' Cactus WaMu Expenses' & the LBHI CT's ... LOL ~
... although its been a few years ago now, ... ol cactus simply wanted his money back' ... now ? thankfully all done'
I thought the first rule of investing was to not lose money. If that means selling "a little early" to recover your initial investment, then so be it.
... T's gets it ... freebies are good'
"Now as for selling for profit at any amount isssso what this game isssss about,he who plays with the house money issss a winner on allllll levels EOS.the cry to anybody selling some to soon and keeping some issss just NOISE annnnnd"
Yeppers, ... That ? and bought everything WaMu, ... everything and as much as one was able to for diversification' (irons in the ol' WaMu fire) ... WaMu's equity's AND the Bonds' ...
Have A Nice Day
AZ