Exhibit 99
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News release: IMMEDIATE RELEASE
JPMorgan Chase Announces Offering of Preferred Stock and
Partial Redemption of Outstanding Preferred Stock
New York, September17, 2018 – JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) announces that it has launched an offering (the “Offering”) of fixed-rateNon-Cumulative Preferred Stock, Series DD (“Series DD Preferred Stock”) which will be represented by depositary shares (“Series DD Depositary Shares”). In addition, JPMorgan Chase announces that it intends to redeem (the “Redemption”) a portion of the 600,000 outstanding shares of itsFixed-to-Floating RateNon-Cumulative Perpetual Preferred Stock, Series I (“Series I Preferred Stock”) on October 30, 2018 (the “Redemption Date”). The shares of Series I Preferred Stock are represented by 6,000,000 depositary shares (“Series I Depositary Shares”), with each Series I Depositary Share (CUSIP: 46625HHA1) representing aone-tenth interest in a share of Series I Preferred Stock. The aggregate liquidation value of the Series I Preferred Stock that JPMorgan Chase intends to redeem on the Redemption Date will be equal to the aggregate liquidation value of the shares of Series DD Preferred Stock that are issued upon the closing of the Offering, which is scheduled to be completed on September 21, 2018.
The Firm will furnish additional information concerning the Redemption, including the amount of shares of Series I Preferred Stock to be redeemed, in the notice of redemption which will be issued on or before September 28, 2018.
J.P. Morgan Securities LLC is acting as the sole book-running manager for the Offering. The Offering is being made only by means of a preliminary prospectus supplement and the accompanying base prospectus, copies of which may be obtained on the Securities and Exchange Commission’s website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and the accompanying base prospectus may be obtained from J.P. Morgan Securities LLC, Attention: Investment Grade Syndicate Desk, 383 Madison Avenue, New York, NY 10179, telephone:1-212-834-4533.
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Investor Contact: | | Jason Scott | | | | Media Contact: | | Joseph Evangelisti |
| | 212-270-7325 | | | | | | 212-270-7438 |