JPMorgan Chase (NYSE: JPM) calls $2.0B Series KK preferred stock

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

JPMorgan Chase & Co. plans to redeem all $2.0 billion of its 3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series KK, on June 1, 2026. The redemption covers 200,000 Series KK preferred shares, represented by 2,000,000 depositary shares at $1,000 per depositary share. June 1, 2026 will also be the final dividend payment date, with a record date of May 4, 2026. JPMorgan Chase reports $4.9 trillion in assets and $364 billion in stockholders’ equity as of March 31, 2026.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Series KK redemption size: $2.0 billion Preferred shares redeemed: 200,000 shares Depositary shares outstanding: 2,000,000 depositary shares +5 more

8 metrics

Series KK redemption size $2.0 billion Total liquidation preference of 3.65% Series KK preferred

Preferred shares redeemed 200,000 shares Series KK Fixed-Rate Reset Non-Cumulative Preferred Stock

Depositary shares outstanding 2,000,000 depositary shares Each represents one-tenth of a Series KK preferred share

Redemption price per preferred share $10,000 per share Series KK preferred stock redemption price

Redemption price per depositary share $1,000 per depositary share Equivalent redemption amount for each depositary share

Total assets $4.9 trillion JPMorgan Chase assets as of March 31, 2026

Stockholders’ equity $364 billion JPMorgan Chase equity as of March 31, 2026

Final dividend record date May 4, 2026 Record date for final Series KK dividend

Key Terms

Fixed-Rate Reset Non-Cumulative Preferred Stock, depositary shares, redemption price, record date, +2 more

6 terms

Fixed-Rate Reset Non-Cumulative Preferred Stock financial

"3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series KK"

depositary shares financial

"The shares of Series KK Preferred Stock are represented by 2,000,000 depositary shares"

Depositary shares are tradable certificates that represent a fractional piece of a larger security held by a third-party bank, like owning a slice of a single big pie instead of the whole pie. They let companies issue and investors buy smaller, more affordable portions of preferred stock or other instruments; holders usually receive proportional dividends and market pricing similar to ordinary shares, but may have limited voting rights and different liquidity or tax implications, which can affect income and resale value.

redemption price financial

"The redemption price per share for the Series KK Preferred Stock will be $10,000"

The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.

record date financial

"The record date for that dividend is May 4, 2026."

The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

liquidation preference financial

"par value $1.00 per share and with a liquidation preference of $10,000"

A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.

Inline XBRL technical

"the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language)."

Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.

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Understanding 8-K Material Events →

05/27/2026 - 04:39 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): May 27, 2026

JPMorgan Chase & Co.

(Exact name of registrant as specified in its charter)


Delaware	1-5805	13-2624428
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. employer identification no.)

270 Park Avenue, New York, New York		10017
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (212) 270-6000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock	JPM	The New York Stock Exchange
Depositary Shares, each representing a one-four hundredth interest in a share of 5.75% Non-Cumulative Preferred Stock, Series DD	JPM PR D	The New York Stock Exchange
Depositary Shares, each representing a one-four hundredth interest in a share of 6.00% Non-Cumulative Preferred Stock, Series EE	JPM PR C	The New York Stock Exchange
Depositary Shares, each representing a one-four hundredth interest in a share of 4.75% Non-Cumulative Preferred Stock, Series GG	JPM PR J	The New York Stock Exchange
Depositary Shares, each representing a one-four hundredth interest in a share of 4.55% Non-Cumulative Preferred Stock, Series JJ	JPM PR K	The New York Stock Exchange
Depositary Shares, each representing a one-four hundredth interest in a share of 4.625% Non-Cumulative Preferred Stock, Series LL	JPM PR L	The New York Stock Exchange
Depositary Shares, each representing a one-four hundredth interest in a share of 4.20% Non-Cumulative Preferred Stock, Series MM	JPM PR M	The New York Stock Exchange
Guarantee of Callable Fixed Rate Notes due June 10, 2032 of JPMorgan Chase Financial Company LLC	JPM/32	The New York Stock Exchange
Guarantee of Alerian MLP Index ETNs due January 28, 2044 of JPMorgan Chase Financial Company LLC	AMJB	NYSE Arca, Inc.
Guarantee of Inverse VIX Short-Term Futures ETNs due March 22, 2045 of JPMorgan Chase Financial Company LLC	VYLD	NYSE Arca, Inc.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01.

Other Events.

On May 27, 2026, JPMorgan Chase & Co. issued a press release announcing the redemption on June 1, 2026 of all of the 2,000,000 outstanding depositary shares, each representing a one-tenth interest in a share of JPMorgan Chase & Co.’s 3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series KK, par value $1.00 per share and with a liquidation preference of $10,000 (the “Series KK Preferred Stock”), pursuant to the optional redemption provisions in the documents governing such depositary shares and the Series KK Preferred Stock. A copy of the press release referenced above is attached hereto as Exhibit 99.1.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits


99.1		JPMorgan Chase & Co. press release dated May 27, 2026.

101		Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language).

104		Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


JPMORGAN CHASE & CO.
(Registrant)

By:		/s/ Jordan A. Costa
Name:		Jordan A. Costa
Title:		Managing Director

Dated: May 27, 2026

Exhibit 99.1

JPMorgan Chase & Co.

270 Park Avenue, New York, NY 10017

NYSE symbol: JPM

www.jpmorganchase.com

News release: IMMEDIATE RELEASE

JPMorganChase To Redeem All $2.0 Billion Of Its

3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series KK

Represented By Depositary Shares

New York, May 27, 2026 – JPMorgan Chase & Co. (NYSE: JPM) (“JPMorganChase” or the “Firm”) has announced that on June 1, 2026 it will redeem all of the 200,000 outstanding shares of its 3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series KK (“Series KK Preferred Stock”). The shares of Series KK Preferred Stock are represented by 2,000,000 depositary shares (CUSIP: 48128BAN1), with each depositary share representing a one-tenth interest in a share of Series KK Preferred Stock. The redemption price per share for the Series KK Preferred Stock will be $10,000 (equivalent to $1,000 per depositary share).

Payment of the redemption price will be made on the redemption date of June 1, 2026, upon presentation and surrender of the depositary receipts evidencing the depositary shares to be redeemed to Computershare Inc., as Depositary, at 150 Royall Street, Canton, Massachusetts 02021. Depositary shares held in book-entry form shall be surrendered in accordance with applicable procedures of The Depository Trust Company.

June 1, 2026 is also the final dividend payment date for the Series KK Preferred Stock and the depositary shares. The record date for that dividend is May 4, 2026.

JPMorgan 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 $4.9 trillion in assets and $364 billion in stockholders’ equity as of March 31, 2026. 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 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.

# # #


Investor Contact:	Mikael Grubb	Media Contact: Joseph Evangelisti
	212-270-2479	212-270-7438

Source: View Original Filing on SEC EDGAR

FAQ

What action did JPM (JPMorgan Chase & Co.) announce in this 8-K?

JPMorgan Chase & Co. announced it will redeem all of its 3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series KK, on June 1, 2026. This affects preferred shareholders holding depositary shares tied to that series.

How large is JPMorgan Chase’s Series KK preferred stock redemption?

The Series KK preferred stock redemption totals $2.0 billion. It covers 200,000 preferred shares, each with a $10,000 redemption price, represented by 2,000,000 depositary shares at $1,000 per depositary share.

When is the redemption date and final dividend date for JPM’s Series KK preferred?

The redemption date for the Series KK preferred stock is June 1, 2026. That same day is also the final dividend payment date for both the preferred shares and the related depositary shares.

What is the record date for the final dividend on JPM’s Series KK preferred?

The record date for the final dividend on the Series KK preferred stock and its depositary shares is May 4, 2026. Holders of record on that date are entitled to receive the final dividend payment.

How are JPM’s Series KK preferred shares structured through depositary shares?

Each share of Series KK preferred stock is represented by ten depositary shares. There are 200,000 preferred shares and 2,000,000 depositary shares outstanding, with each depositary share equating to a $1,000 redemption amount.

How large is JPMorgan Chase compared to this $2.0 billion preferred redemption?

JPMorgan Chase reported $4.9 trillion in assets and $364 billion in stockholders’ equity as of March 31, 2026. The $2.0 billion Series KK preferred redemption is relatively small compared with the firm’s total equity base.

Filing Exhibits & Attachments

5 documents

Press Releases

EX-99.1 EX-99.1 6.3 KB