The Firm recently represented JPMorgan Chase & Co. and JPMorgan Chase Capital XVIII in connection with a registered public offering of $750 million aggregate liquidation amount of 6.950% High Equity Content Securities. The issuance is one of the first bank holding company capital security issuances to receive "Tier 1" capital treatment from the Federal Reserve and "Basket D" equity treatment from the rating agencies.
The Simpson Thacher team for the transaction included Andy Keller, Lee Meyerson, Maripat Alpuche, Dickson Brown, Marcy Geller, Gary Rice, Mark Brod, Amanda McGovern, Justin Cooke, Carlos Montoya, Kathleen DeLaney, Jeanne Annarumma and Sima Gandhi.