Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the issuance of Medium-Term Notes, Series A, in the form of $3,144,000 Capped Buffered Enhanced Participation Equity Notes due 2025, linked to the S&P 500 Index. These notes, which do not bear interest, are designed to pay out based on the performance of the S&P 500 Index from June 12, 2024, to December 12, 2025. Investors will receive a positive return if the S&P 500 Index increases, capped at a maximum settlement amount of $1,148 for each $1,000 principal amount note. If the Index declines by up to 10%, investors will receive the principal amount, but a decline of more than 10% will result in a negative return, potentially leading to a total loss...Show More