Summary by Futu AI
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the offering of Buffer Autocallable GEARS (Growth Enhanced Asset Return Securities) linked to the S&P 500 Index, with a total value of $19,620,370. The securities are due on June 17, 2027, and are designed to provide returns based on the performance of the S&P 500 Index, with an autocall feature if certain conditions are met. The securities offer an 8.00% Call Return if automatically called on the Observation Date, and leveraged exposure to any positive performance of the underlying index if not called, with an Upside Gearing of 1.32. However, if the securities are not called and the index's return is negative at maturity, investors could lose up to 90% of their...Show More