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424B2: Prospectus

SEC announcement ·  Jun 19 05:15
Summary by Futu AI
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the offering of Trigger Autocallable GEARS, which are unsecured and unsubordinated debt securities linked to a basket of five equity indices. These securities, due on or about June 29, 2029, are designed to provide returns linked to the performance of the EURO STOXX 50 Index, the Nikkei 225 Index, the FTSE 100 Index, the Swiss Market Index, and the S&P/ASX 200 Index. The securities will be automatically called if the basket closes at or above the autocall barrier on the observation date, with investors receiving the principal amount plus a call return of 10%. If not automatically called and the basket return is positive by maturity, investors will receive a return equal...Show More
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the offering of Trigger Autocallable GEARS, which are unsecured and unsubordinated debt securities linked to a basket of five equity indices. These securities, due on or about June 29, 2029, are designed to provide returns linked to the performance of the EURO STOXX 50 Index, the Nikkei 225 Index, the FTSE 100 Index, the Swiss Market Index, and the S&P/ASX 200 Index. The securities will be automatically called if the basket closes at or above the autocall barrier on the observation date, with investors receiving the principal amount plus a call return of 10%. If not automatically called and the basket return is positive by maturity, investors will receive a return equal to the basket return times the upside gearing, expected to be between 2.93 and 3.18. If the basket return is zero or negative but above the downside threshold, the principal amount will be repaid at maturity. However, if the basket return is negative and below the downside threshold, investors will receive less than their principal amount, potentially resulting in a loss of principal. The securities are subject to market risks and the creditworthiness of JPMorgan Financial and JPMorgan Chase & Co. The offering is expected to have a minimum investment of $1,000 with denominations of $10 and integral multiples thereof. The securities are not bank deposits, are not insured by any governmental agency, and are not obligations of, or guaranteed by, a bank.

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