Welcome to our dedicated page for Alerian MLP Index ETNs due January 28 2044 news (Ticker: amjb), a resource for investors and traders seeking the latest updates and insights on Alerian MLP Index ETNs due January 28 2044 stock.
The Alerian MLP Index ETNs due January 28, 2044 (symbol: AMJB) are exchange-traded notes offered by JPMorgan Chase Financial Company LLC. Designed to track the performance of the Alerian MLP Index®, these ETNs provide investors with exposure to a basket of energy-focused Master Limited Partnerships (MLPs). The Index, developed and maintained by VettaFi LLC, measures the composite performance of energy-oriented MLPs engaged in activities such as exploration, marketing, processing, and transportation of natural resources.
AMJB ETNs offer variable quarterly coupons based on cash distributions from the MLPs in the Index, minus a quarterly investor fee of 0.85% per annum. Starting from July 26, 2024, investors have the option to redeem their notes on any trading day until maturity. However, the ETNs are subject to market risks and investor fees that could lead to returns being less than the principal amount invested. Importantly, these ETNs are unsecured debt obligations, guaranteed by JPMorgan Chase & Co., meaning investors are exposed to the credit risk of both the issuer and the guarantor.
JPMorgan Chase & Co. is a globally recognized financial services firm with $4.1 trillion in assets as of March 31, 2024. The firm provides a wide range of services including investment banking, consumer financial services, commercial banking, and asset management. It operates under the J.P. Morgan and Chase brands, serving millions of customers worldwide.
The ETNs' launch on NYSE Arca marks a new chapter in JPMorgan’s financial offerings, providing investors with a versatile instrument to gain exposure to the energy sector. Given the inherent risks, these ETNs are recommended for knowledgeable investors who can evaluate the potential implications of their investment choices. For more details, investors are encouraged to review the applicable pricing supplement and consult with their financial advisors.
JPMorgan Chase Financial Company has announced the quarterly coupon for the Alerian MLP Index ETN (NYSE Arca: AMJB) due January 28, 2044. The key details are:
- Ticker: AMJB
- Declaration Date: Aug 22, 2024
- Ex-Date: Aug 28, 2024
- Record Date: Aug 28, 2024
- Payment Date: Sep 6, 2024
- Coupon Amount per Note: $0.4415
- Current Yield: 6.2%
The Notes are senior, unsecured obligations of JPMorgan Chase Financial Company , with payment fully guaranteed by JPMorgan Chase & Co. The current yield is based on the closing price as of August 20, 2024, and is not indicative of future coupon payments.
JPMorgan Chase Financial Company announced the quarterly coupon for the Alerian MLP Index ETN (AMJB), due January 28, 2044. The coupon amount is $0.4535 per note, with a current yield of 6.3%. Key dates include the declaration date on May 22, 2024, the ex-date and record date on May 29, 2024, and the payment date on June 6, 2024. These notes are senior, unsecured obligations guaranteed by JPMorgan Chase & Co.
JPMorgan Chase & Co. and JPMorgan Chase Financial Company have announced the results of the Exchange Offer for its Alerian MLP Index ETNs, with the New Notes being fully guaranteed by JPMorgan Chase. The Exchange Offer expired on May 8, 2024, with a total of 19,437,415 Old Notes being exchanged for New Notes. Holders of Old Notes that have not been exchanged are reminded that they will mature on May 24, 2024.
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