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424B2: Prospectus

SEC announcement ·  Jun 15 04:56
Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has issued a pricing supplement for $500,000 Auto Callable Contingent Interest Notes linked to the performance of the Brazilian Real relative to the U.S. Dollar, with a maturity date of June 27, 2025. The notes are designed for investors seeking contingent interest payments based on the currency exchange rate between the Brazilian Real and the U.S. Dollar, with the potential for early exit through an automatic call feature. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, guaranteed by JPMorgan Chase & Co., and are subject to the credit risk of both entities. The first review date is set for September 24, 2024, with subsequent review dates leading up to...Show More
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has issued a pricing supplement for $500,000 Auto Callable Contingent Interest Notes linked to the performance of the Brazilian Real relative to the U.S. Dollar, with a maturity date of June 27, 2025. The notes are designed for investors seeking contingent interest payments based on the currency exchange rate between the Brazilian Real and the U.S. Dollar, with the potential for early exit through an automatic call feature. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, guaranteed by JPMorgan Chase & Co., and are subject to the credit risk of both entities. The first review date is set for September 24, 2024, with subsequent review dates leading up to the maturity date. The notes offer the potential for investors to receive a contingent interest payment if the Spot Rate of the Brazilian Real is less than or equal to 120% of the Strike Rate, referred to as the Interest Barrier. However, if the Spot Rate exceeds the Interest Barrier, no contingent interest payment will be made. The notes will be automatically called if the Spot Rate is less than or equal to the Strike Rate on any review date other than the final one. The notes are not bank deposits and are not insured by any governmental agency. The pricing supplement is dated June 12, 2024, and the notes were issued with a minimum denomination of $10,000 and multiples of $1,000 thereafter.

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