Summary by Futu AI
JPMorgan Chase Financial Company LLC has announced the issuance of Callable Contingent Interest Notes worth $1,037,000, linked to the VanEck Gold Miners ETF, with a maturity date of June 17, 2027. These notes are designed for investors seeking Contingent Interest Payments on review dates where the ETF's closing price is above 65% of its Initial Value, known as the Interest Barrier. The notes, unsecured and unsubordinated obligations guaranteed by JPMorgan Chase & Co., may be redeemed early at JPMorgan's discretion on specified Interest Payment Dates, starting from December 19, 2024. The notes are priced at $1,000 each and were set to be priced on June 14, 2024, with settlement around June 20, 2024. Investors are warned of the risks, including the potential loss of principal and the possibility of receiving no interest payments. The notes are not bank deposits, are not FDIC insured, and involve credit risk from both the issuer and the guarantor. The offering includes risks associated with the gold and silver mining industries, currency exchange, and non-U.S. securities.