Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the launch of its Uncapped Accelerated Barrier Notes, which are linked to the S&P 500 Futures Excess Return Index and are due on July 24, 2029. These notes are designed for investors seeking a return of at least 2.24 times any appreciation of the index at maturity, but investors must be willing to forgo interest payments and risk losing some or all of their principal. The notes are unsecured, unsubordinated obligations with a minimum denomination of $1,000, and their payment is fully and unconditionally guaranteed by JPMorgan Chase & Co. The pricing is expected to occur on or about July 19, 2024, with settlement around July 24, 2024. Investing in the notes involves risks...Show More