Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the pricing of its $3,138,000 Capped Buffered Equity Notes linked to the S&P 500 Index, with a maturity date of September 17, 2025. The notes, which are unsecured and unsubordinated obligations, offer investors a potential return of 1.00 times any appreciation of the S&P 500 Index, up to a maximum return of 16.00% at maturity. However, investors should be prepared to forgo interest and dividend payments and risk losing up to 90.00% of their principal if the index performs poorly. The notes are guaranteed by JPMorgan Chase & Co. and were priced on June 12, 2024, with an expected settlement date of June 17, 2024. The notes are not bank deposits, are not FDIC insured, and involve a number of risks, including credit risks associated with both JPMorgan Financial and JPMorgan Chase & Co. The estimated value of the notes at the time of pricing was $985.10 per $1,000 principal amount note. The notes will not be listed on any securities exchange, which may impact their liquidity and market price.