JPMorgan Announces Results of Exchange Offer Relating to Its Alerian MLP Index ETNs and Reminds Holders That the Remaining AMJ ETNs Will Mature May 24, 2024

Business Wire05-10

NEW YORK, May 09, 2024--(BUSINESS WIRE)--JPMorgan Chase & Co. ("JPMorgan Chase" or the "Firm") and JPMorgan Chase Financial Company LLC ("JPMorgan Financial") announced today the results of JPMorgan ...

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(\"JPMorgan Chase\" or the \"Firm\") and JPMorgan Chase Financial Company LLC (\"JPMorgan Financial\") announced today the results of JPMorgan ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jpmorgan-announces-results-exchange-offer-203000258.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMJB","symbol_name":"ALERIAN MLP INDEX ETNS DUE JANUARY 28, 2044","start_time":0,"source_url":"https://finance.yahoo.com/news/jpmorgan-announces-results-exchange-offer-203000258.html","article_id":"2434028998","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/wu9.KZY5DFFKK9WPqHVK7g--~B/aD01MTI7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/business-wire.com/58de72f9ada7479b4dbb1a25d8145490"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2434028998","pubTimestamp":1715286600,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"NEW YORK, May 09, 2024----JPMorgan Chase & Co.  and JPMorgan Chase Financial Company LLC  announced today the results of JPMorgan Financial’s offer to exchange  its Alerian MLP Index ETNs due January 28, 2044   for any and all outstanding Alerian MLP Index ETNs due May 24, 2024  issued by JPMorgan Chase . All payments of principal, interest and other amounts payable on the New Notes will be fully and unconditionally guaranteed by JPMorgan Chase . The Old Notes are listed on NYSE Arca, Inc.  under the ticker symbol \"AMJ.\" The New Notes are listed on NYSE Arca under the ticker symbol \"AMJB.\". The Exchange Offer expired at 5:00 p.m.  on May 8, 2024 . Pursuant to the Exchange Offer, JPMorgan Financial has received and accepted 19,437,415 Old Notes validly tendered and not validly withdrawn prior to the Expiration Deadline. All conditions to the Exchange Offer were deemed satisfied or waived by JPMorgan Financial as of the Expiration Deadline.Further details about the Exchange Offer can be ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMJB":"ALERIAN MLP INDEX ETNS DUE JANUARY 28, 2044","BK4024":"房地产开发","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","MLP":"毛伊岛菠萝食品","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU1261432733.SGD":"Fidelity World A-ACC-SGD","SG9999002232.USD":"Allianz Global High Payout USD","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4585":"ETF&股票定投概念","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","SG9999002224.SGD":"Allianz Global High Payout SGD","BK4534":"瑞士信贷持仓","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0106831901.USD":"贝莱德世界金融基金A2","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","JPM":"摩根大通","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0211326755.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) ACC","LU1032466523.USD":"高盛全球多资产收益组合Acc","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4588":"碎股","AMJ":"JPMorgan Alerian MLP ETN","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU0976567544.SGD":"FTIF - Templeton Global Income A Mdis SGD-H1","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","LU0211326839.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) INC","BK4207":"综合性银行","LU0882574139.USD":"富达环球消费行业基金A ACC","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","LU0238689110.USD":"贝莱德环球动力股票基金","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","BK4581":"高盛持仓","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","BK4504":"桥水持仓","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD"},"translate_title":"摩根大通宣布其Alerian MLP指数ETNs的交换要约结果，并提醒持有人剩余的AMJ ETNs将于2024年5月24日到期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMJ":1,"MLP":1,"JPM":1,"AMJB":0.9},"content_text":"NEW YORK, May 09, 2024--(BUSINESS WIRE)--JPMorgan Chase & Co. (\"JPMorgan Chase\" or the \"Firm\") and JPMorgan Chase Financial Company LLC (\"JPMorgan Financial\") announced today the results of JPMorgan Financial’s offer to exchange (the \"Exchange Offer\") its Alerian MLP Index ETNs due January 28, 2044 (CUSIP: 48133Q309) (the \"New Notes\" ) for any and all outstanding Alerian MLP Index ETNs due May 24, 2024 (CUSIP: 46625H365) issued by JPMorgan Chase (the \"Old Notes\"). All payments of principal, interest and other amounts payable on the New Notes will be fully and unconditionally guaranteed by JPMorgan Chase (the \"Guarantees\"). The Old Notes are listed on NYSE Arca, Inc. (\"NYSE Arca\") under the ticker symbol \"AMJ.\" The New Notes are listed on NYSE Arca under the ticker symbol \"AMJB.\"\nThe Exchange Offer expired at 5:00 p.m. (New York City time) on May 8, 2024 (the \"Expiration Deadline\"). Pursuant to the Exchange Offer, JPMorgan Financial has received and accepted 19,437,415 Old Notes validly tendered and not validly withdrawn prior to the Expiration Deadline. All conditions to the Exchange Offer were deemed satisfied or waived by JPMorgan Financial as of the Expiration Deadline.\nThe aggregate number of New Notes to be issued by JPMorgan Financial is 19,437,415 reflecting the previously announced exchange ratio of one New Note per Old Note validly tendered in the Exchange Offer (and not validly withdrawn) prior to the Expiration Deadline and accepted for exchange (the \"Exchange Ratio\"). On May 13, 2024 (the \"Settlement Date\"), Noteholders whose Old Notes have been accepted for exchange pursuant to the Exchange Offer will receive a number of New Notes based on the Exchange Ratio, and JPMorgan Financial will consolidate such New Notes to form a single class with the New Notes first issued on January 30, 2024 that are currently outstanding.\nOld Notes that have not been validly tendered and/or accepted for exchange pursuant to the Exchange Offer will remain outstanding.\nJPMorgan Chase reminds holders of Old Notes that have not been validly tendered and/or accepted for exchange that the Old Notes will mature on May 24, 2024 in accordance with their terms. The last trading day of the Old Notes on NYSE Arca will be May 21, 2024.\nA Registration Statement on Form S-4 relating to the issuance of the New Notes and the Guarantees pursuant to the Exchange Offer has been filed with the Securities and Exchange Commission and has been declared effective as of February 6, 2024. The Exchange Offer was made on the terms and subject to the conditions and restrictions set out in the amended and restated prospectus dated April 15, 2024 (the \"Prospectus\"). Capitalized terms used and not otherwise defined in this announcement have the meanings given in the Prospectus.\nFor Further Information\nFurther details about the Exchange Offer can be obtained from J.P. Morgan Securities LLC, the Dealer Manager for the Exchange Offer, at 383 Madison Ave., New York, New York 10179, by telephone at 1-800-576-3529 or by email at alerian_etn@jpmorgan.com.\nQuestions in connection with the settlement of the Exchange Offer may be directed to the Exchange Agent, The Bank of New York Mellon, by telephone at 212-815-5362 or by email at ct_reorg_unit_inquiries@bnymellon.com.\nSelected Risk Considerations\nThe New Notes may not be appropriate for all investors. The New Notes are subject to the credit risk of JPMorgan Financial, as issuer of the notes, and the credit risk of JPMorgan Chase, as guarantor of the notes. You may receive less, and possibly significantly less, than the principal amount of your investment in the New Notes at maturity or early redemption or upon repurchase or sale. Coupon payments on the New Notes will vary and could be zero. There is no actual portfolio of assets in which any investor in the New Notes has any ownership or other interest. Investors in the New Notes do not have voting rights, distribution rights or other rights with respect to the assets included in the tracked index. An investment in the New Notes involves significant risks. For further information regarding risks, please see the section entitled \"Risk Factors—Risks Relating to the New Notes Generally\" in the Prospectus.\nAbout JPMorgan Chase & Co.\nJPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (\"U.S.\"), with operations worldwide. JPMorgan Chase had $4.1 trillion in assets and $337 billion in stockholders’ equity as of March 31, 2024. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers predominantly in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.\nInvestment suitability must be determined individually for each investor, and the Exchange Offer and New Notes may not be appropriate for all investors. This information is not intended to provide and should not be relied upon as providing accounting, legal, regulatory or tax advice. Investors should consult with their own advisors as to these matters.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20240509835131/en/\nContacts\nContacts J.P. Morgan Securities LLC1-800-576-3529alerian_etn@jpmorgan.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.3","shortVersion":"4.26.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2434028998"}