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424B2: Prospectus

SEC announcement ·  Jun 15 04:35
Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the issuance of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, with a maturity date of December 23, 2025. The notes, designed for investors seeking contingent interest payments based on the performance of the index, will be automatically called if the index's closing level on any review date, excluding the first, second, and final review dates, meets or exceeds its initial value. The earliest automatic call date is September 18, 2024. The notes carry risks including the potential loss of principal and the possibility that no contingent interest payments will be made. The notes are unsecured and unsubordinated obligations of JPMorgan...Show More
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the issuance of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, with a maturity date of December 23, 2025. The notes, designed for investors seeking contingent interest payments based on the performance of the index, will be automatically called if the index's closing level on any review date, excluding the first, second, and final review dates, meets or exceeds its initial value. The earliest automatic call date is September 18, 2024. The notes carry risks including the potential loss of principal and the possibility that no contingent interest payments will be made. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, guaranteed by JPMorgan Chase & Co., and subject to their credit risks. The notes are expected to price on or about June 18, 2024, and settle on or about June 24, 2024. The preliminary pricing supplement indicates that the notes are not bank deposits, are not insured by any governmental agency, and are not guaranteed by a bank. Investing in the notes involves a number of risks detailed in the accompanying prospectus supplement and other offering documents. The notes are not listed on any securities exchange, and their estimated value will be lower than the original issue price due to selling, structuring, and hedging costs.

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