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424B2: Prospectus

SEC announcement ·  Jun 15 05:23
Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the offering of Capped Dual Directional Buffered Return Enhanced Notes, which are linked to the performance of the S&P 500 Index, the Nasdaq-100 Index, and the Russell 2000 Index. These structured investments are designed for investors seeking a capped return of 1.50 times any appreciation, with a maximum upside return of at least 36.80%, or a capped return equal to the absolute value of any depreciation, up to a buffer amount of 20.00%, of the least performing index at maturity. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, with full and unconditional guarantee by JPMorgan Chase & Co., and are subject to the credit risks of both entities...Show More
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the offering of Capped Dual Directional Buffered Return Enhanced Notes, which are linked to the performance of the S&P 500 Index, the Nasdaq-100 Index, and the Russell 2000 Index. These structured investments are designed for investors seeking a capped return of 1.50 times any appreciation, with a maximum upside return of at least 36.80%, or a capped return equal to the absolute value of any depreciation, up to a buffer amount of 20.00%, of the least performing index at maturity. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, with full and unconditional guarantee by JPMorgan Chase & Co., and are subject to the credit risks of both entities. The notes do not guarantee any return of principal and investors may lose up to 80.00% of their principal amount at maturity if the final value of any index is less than its initial value by more than the buffer amount. The notes are expected to price on or about June 17, 2024, with a settlement date on or about June 21, 2024, and are due on December 22, 2026. The notes are not bank deposits, are not insured by the FDIC or any other governmental agency, and are not guaranteed by a bank. Investing in the notes involves a number of risks, detailed in the accompanying prospectus supplement and product supplement. The estimated value of the notes at the time of pricing will be approximately $978.20 per $1,000 principal amount note and will not be less than $950.00 per $1,000 principal amount note.

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