Summary by Futu AI
JPMorgan Chase Financial Company LLC has announced the issuance of Uncapped Dual Directional Buffered Return Enhanced Notes, linked to the S&P 500 Futures Excess Return Index, with a maturity date of July 10, 2029. These notes are designed for investors seeking a return of at least 1.95 times any appreciation of the index at maturity, with a capped return equal to the absolute value of any depreciation up to a 20% buffer. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, guaranteed by JPMorgan Chase & Co., and subject to the credit risks of both entities. The minimum investment is $1,000, with pricing expected around July 5, 2024, and settlement around July 10, 2024. The notes do not pay interest and investors risk losing up to 80% of their principal if the index depreciates beyond the buffer amount at maturity. The notes are not bank deposits, not FDIC insured, and involve a number of risks detailed in the accompanying prospectus supplement and product supplement.