Royal Dude
16 hours ago
Just more gradification
"Size:
3,000,000 Depositary Shares
Liquidation Preference:
$10,000 per share of Preferred Stock (equivalent to $1,000 per Depositary Share)
Maturity:
Perpetual
Day Count:
30/360
Trade Date:
January 28, 2025
Settlement Date:
February 4, 2025 (T+5)
Size:
3,000,000 Depositary Shares
Liquidation Preference:
$10,000 per share of Preferred Stock (equivalent to $1,000 per Depositary Share)
Maturity:
Perpetual
Day Count:
30/360
Trade Date:
January 28, 2025
Settlement Date:
February 4, 2025 (T+5)
https://www.sec.gov/Archives/edgar/data/19617/000119312525015003/d838508dfwp.htm
lodas
1 day 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
1 day 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 โPreferred Stockโ). 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 โRisk Factorsโ 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 โJPM.โ 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.