JPMorgan's 5.45% series P preferreds admitted to trading on NYSE

By Tali David

Minneapolis, Feb. 28 - The depositary shares of J.P. Morgan Chase & Co.'s 5.45% series P noncumulative preferred stock have been admitted to trading on the New York Stock Exchange, according to a notice.

The preferreds trade under the symbol "JPM PR A."

The preferreds were sold as depositary shares representing a 1/400th interest.

The company priced $850 million of the preferreds on Jan. 29.

As previously reported, J.P. Morgan Securities LLC is the bookrunner. Joint lead managers are BofA Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities LLC.

The New York-based bank will use the proceeds for general corporate purposes.

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