Corp. raised $19.29 billion in a complex securities sale Thursday evening to help pay back federal rescue funds, with a variable structure that hinges on whether shareholders approve an increase in shares.
The banking giant priced its “common equivalent securities” at $15 each. The securities will have two components: a depositary share representing interests in common equivalent junior preferred stock and a feature called a “contingent warrant.”
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.