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424B2: Prospectus

SEC announcement ·  Jun 15 05:16
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
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 of investment. The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co. and are subject to the credit risk of both the issuer and the guarantor. The estimated value of the notes at the time of pricing was $977.70 per $1,000 principal amount note. The notes were issued on June 20, 2024, with an original issue price of 100% of the principal amount and are not insured by the FDIC or any other governmental agency. The offering includes a selling commission of 1.51% of the principal amount, with net proceeds to the issuer of 98.49% of the principal amount. The notes are not bank deposits and will not be listed on any securities exchange.

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