JPMorgan Chase & Co. has commenced a cash tender offer for any and all of the 5.875% Capital Securities, Series O, of JPMorgan Chase Capital XV. In conjunction with the offer, JPMorgan Chase is soliciting consents to terminate certain replacement capital covenants which JPMorgan Chase executed in favor of, and for the benefit of, the holders of the Securities in connection with offerings of capital securities by certain affiliated Delaware trusts and two offerings of its non-cumulative preferred stock.
Holders may either tender their Securities pursuant to the offer and, if tendered on or before to the Consent Expiration Date (as defined below), deliver their consents to the termination of the replacement capital covenants, or holders may separately deliver their consents on or before the Consent Expiration Date to the termination of the replacement capital covenants without tendering their Securities in the offer.
D.C.