Mr Cooper Group Inc (COOP)

[Nightdaytrader]

"JPMorgan Chase Holdings LLC, which we refer to as the “IHC”"


JPMorgan Chase is a Holding Company
We are a holding company that holds the stock of the Bank and an intermediate holding company,
JPMorgan Chase Holdings LLC, which we refer to as the “IHC”. We conduct substantially all of our operations
through subsidiaries, including the Bank and the IHC. As a result, claims of the holders of our securities will
generally have a junior position to claims of creditors of our subsidiaries. Claims of our subsidiaries’ creditors
other than JPMorgan Chase include substantial amounts of deposit liabilities, long-term debt and other liabilities.
In addition, we are obligated to contribute to the IHC substantially all the net proceeds that we receive from the
issuance of securities (including any securities offered by use of this prospectus), and the ability of the Bank and
the IHC to make payments to us is limited. As a result of these arrangements, our ability to make various
payments is dependent on our receiving dividends from the Bank and dividends and extensions of credit from the
IHC. These limitations could affect our ability to pay interest on our debt securities, pay dividends on our
preferred stock and common stock, redeem or repurchase outstanding securities, and fulfill our other payment
obligations.

https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/US48128BAQ41-Prospectus.pdf