This doesn't apply to us, IMO, see list of securities
JPMorgan Chase Announces Completion and Final Results of its Cash Tender Offer for Certain Trust Preferred Securities
New York, November 7, 2016 - JPMorgan Chase & Co. ("JPMorgan Chase" or the “Firm”) announced today the completion and final results for its cash tender offer (the “Offer”) to purchase any and all of the trust preferred securities listed below. JPMorgan Chase has been advised that the aggregate liquidation amounts specified in the table below have been validly tendered and not validly withdrawn pursuant to the Offer.
CUSIP Number Issuer Title of Security Variable Distribution Rate Maturity of Underlying Debt Securities Aggregate Liquidation Amount Outstanding Aggregate Liquidation Amount Validly Tendered and Not Validly Withdrawn(1)
161480AA6 Chase Capital II Global Floating Rate Capital Securities, Series B 3 month LIBOR + 0.500% February 1, 2027 $485,150,000 $278,593,000
31945HAA3 First Chicago NBD Capital I Floating Rate Preferred Securities 3 month LIBOR + 0.550% February 1, 2027 $249,940,000 $157,908,000
161478AA0 Chase Capital III Floating Rate Capital Securities, Series C 3 month LIBOR + 0.550% March 1, 2027 $297,960,000 $221,937,000
16162LAA1 Chase Capital VI Floating Rate Capital Securities, Series F 3 month LIBOR + 0.625% August 1, 2028 $242,400,000 $179,120,000
46626YAA0 J.P. Morgan Chase Capital XIII Floating Rate Capital Securities, Series M 3 month LIBOR + 0.950% September 30, 2034 $467,650,000 $228,131,000
48123KAA4 JPMorgan Chase Capital XXI Floating Rate Capital Securities, Series U 3 month LIBOR + 0.950% February 2, 2037 $840,720,000 $515,870,000
48123UAA2 JPMorgan Chase Capital XXIII Floating Rate Capital Securities, Series W 3 month LIBOR + 1.000% May 15, 2047 $646,469,000 $50,582,000
(1) Includes $2,000,000 of Floating Rate Capital Securities, Series C and $2,640,000 of Floating Rate Capital Securities, Series U tendered by Notice of Guaranteed Delivery as to which tendered securities have yet to be delivered.
The $1,632,141,000 aggregate liquidation amount of trust preferred securities validly tendered and not validly withdrawn includes an aggregate of $4,640,000 liquidation amount of trust preferred securities tendered in accordance with guaranteed delivery procedures, which securities must be delivered by the close of business on November 8, 2016 as set forth in the Offer to Purchase referenced below.
The Offer expired at 5:00 p.m., New York City time, on November 4, 2016. JPMorgan Chase has accepted for payment all trust preferred securities validly tendered and not validly withdrawn pursuant to the Offer. Under the terms of the Offer, trust preferred securities validly tendered other than by notice of guaranteed delivery and not validly withdrawn will be paid for on the initial settlement date which is expected to be today, November 7, 2016. Under the terms of the Offer, trust preferred securities validly tendered by notice of guaranteed delivery and not validly withdrawn will be paid for on the final settlement date which is expected to be November 9, 2016.
The Offer was being made pursuant to an Offer to Purchase dated October 31, 2016 and the related Notice of Guaranteed Delivery.
J.P. Morgan Securities LLC acted as dealer manager for the Offer, and D.F. King & Co., Inc. is serving as the tender agent and information agent. Requests for documents may be directed to D.F. King & Co., Inc. by telephone at +1-212-269-5550 (banks and brokers) or +1-800-669-5550. Questions regarding the Offer may be directed to J.P. Morgan Securities LLC at +1-866-834-4666 or collect at +1-212-834-3424.
This press release is for informational purposes only and does not constitute an offer to purchase nor the solicitation of an offer to sell any securities. The Offer was made only pursuant to the Offer to Purchase and related Notice of Guaranteed Delivery and was not made to holders of trust preferred securities in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
Investor Contact:
Jason Scott, 212-270-7325
Media Contact:
Joseph Evangelisti, 212-270-7438
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