JPMorgan Chase to repurchase all of its $ 2.0 billion of its non-cumulative variable fixed rate preferred shares, Series Z represented by custodian shares

JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Company”) has announced that on February 1, 2022, it will repurchase all of the 200,000 outstanding shares of its non-cumulative fixed rate variable preferential program. . Series Z Shares (“Series Z Preferred Shares”). Series Z preferred shares are represented by 2,000,000 custodian shares (CUSIP 46625HKK5). Each Custodian Share represents one tenth of interest in a Series Z Preferred Share. The redemption price per share of the Series Z Preferred Shares will be $ 10,000 (equivalent to $ 1,000 per Custodian Share).

Payment of the redemption price will be made on February 1, 2022, upon presentation and delivery of depositary certificates evidencing the depositary shares to be redeemed from Computershare Inc., as depositary, at 150 Royall Street, Canton, Massachusetts 02021. Shares of the depositary held in book-entry form must be remitted in accordance with the applicable procedures of The Depository Trust Company.

February 1, 2022 is also the final dividend payment date for the Series Z Preferred Shares and Custodian Shares. The recording date of this dividend is January 3, 2022.

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services company based in the United States of America (“US”), with operations worldwide. JPMorgan Chase had $ 3.8 trillion in assets and $ 290.0 billion in equity as of September 30, 2021. The company is a leader in investment banking, consumer and small business financial services, commercial banking, financial transaction processing and asset management. Under the JP Morgan and Chase brands, the company serves millions of clients in the United States and many of the world’s largest businesses, institutions and governments. Information on JPMorgan Chase & Co. is available at

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Investor contact:
Mikaël Grubb, 212-270-2479

Media contact
Joseph Evangelisti, 212-270-7438


JPMorgan Chase & Co. published this content on December 31, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on December 31, 2021 09:36:01 PM UTC.

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