Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has launched a new structured investment product called Capped Buffered Return Enhanced Notes, which are linked to the S&P 500 Index and due on December 17, 2025. The notes, which are unsecured and unsubordinated obligations of JPMorgan Financial, are designed to offer investors twice the appreciation of the S&P 500 Index, up to a maximum return of 17.25% at maturity. However, investors should be prepared to forgo interest and dividend payments and risk losing up to 90% of their principal if the index performs poorly. The notes, with a minimum denomination of $1,000, were priced on June 14, 2024, and are expected to settle around June 20, 2024. The Strike Value was determined based on the...Show More