share_log

424B2: Prospectus

SEC announcement ·  Jun 15 05:10
Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the issuance of structured investment Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, with a maturity date of June 29, 2029. The notes, which are designed for investors seeking an early exit at a premium, will be fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer the potential for automatic call initiation starting June 27, 2025, and require investors to forgo interest and dividend payments, accepting the risk of losing some or all of their principal at maturity. The Index includes a 6.0% per annum daily deduction, which will affect the performance of the Index. 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 structured investment Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, with a maturity date of June 29, 2029. The notes, which are designed for investors seeking an early exit at a premium, will be fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer the potential for automatic call initiation starting June 27, 2025, and require investors to forgo interest and dividend payments, accepting the risk of losing some or all of their principal at maturity. The Index includes a 6.0% per annum daily deduction, which will affect the performance of the Index. The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, with any payments subject to the credit risk of both the issuer and the guarantor. The notes are expected to price on or about June 26, 2024, with a settlement date on or about June 28, 2024. The announcement includes detailed risk factors, tax considerations, and the estimated value of the notes, which is lower than the original issue price due to included costs such as selling commissions and hedging expenses.

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