Summary
JPMorgan Chase & Co. (JPM) filed an 8-K on October 11, 2013, to announce the execution of a Master Agency Agreement related to the offering and sale of new debt securities. The agreement, dated October 11, 2013, was entered into with J.P. Morgan Securities LLC as the Lead Agent. This agreement governs the potential issuance of an unspecified aggregate principal amount of Senior Medium-Term Notes, Series H, and Subordinated Medium-Term Notes, Series C. These new notes have been registered under the Securities Act of 1933 via a Form S-3 filing made on the same date. The filing also includes an accompanying legal opinion from Simpson Thacher & Bartlett LLP regarding the legality of these notes, filed as an exhibit. This action signifies JPMorgan's intent to access capital markets through the issuance of these medium-term notes.
Key Highlights
- 1JPMorgan Chase & Co. entered into a Master Agency Agreement on October 11, 2013.
- 2The agreement is with J.P. Morgan Securities LLC, acting as Lead Agent.
- 3The purpose of the agreement is to facilitate the offer and sale of Senior Medium-Term Notes, Series H, and Subordinated Medium-Term Notes, Series C.
- 4The aggregate principal amount of notes to be offered is indeterminate.
- 5The Notes have been registered under the Securities Act of 1933 via a Form S-3 filing on the same date.
- 6A legal opinion regarding the legality of the Notes from Simpson Thacher & Bartlett LLP is included as an exhibit.