The Firm represented JPMorgan Chase & Co. in connection with a public offering of 34,000,000 Depositary Shares, equivalent to $850 million in aggregate amount, each Depositary Share representing a 1/400th interest in a share of perpetual 5.45% Non-Cumulative Preferred Stock, Series P, of JPMorgan Chase & Co. The underwriters have the right to purchase up to an additional 5,100,000 Depositary Shares at the public offering price within 30 days. The offering closed on February 5, 2013.
JPMorgan Chase & Co. is a leading global financial services firm and one of the largest banking institutions in the United States, with operations worldwide. JPMorgan Chase & Co. had $2.4 trillion in assets and $204.1 billion in total stockholders’ equity as of December 31, 2012.
The Simpson Thacher team for the transaction included Lesley Peng, Matthew Levy and John Kupiec (Capital Markets); Jonathan Cantor and Andrew Purcell (Tax); and Jeanne Annarumma (Executive Compensation and Employee Benefits).
