Summary by Futu AI
JPMorgan Chase Financial Company LLC, with JPMorgan Chase & Co. as the guarantor, has announced the offering of a new structured investment product, the 5-year SPXFP Uncapped Accelerated Barrier Notes. These notes are linked to the performance of the S&P 500 Futures Excess Return Index and have a minimum denomination of $1,000. The pricing date is set for July 19, 2024, with an observation date five years later on July 19, 2029, and maturity date shortly after on July 24, 2029. The notes feature an upside leverage factor of at least 2.24, with the potential for investors to receive more than their principal investment depending on the final value of the index. However, if the index's final value falls below the barrier amount, which is 60% of the initial...Show More