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424B2: Prospectus

SEC announcement ·  Jun 27 03:49
Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the issuance of structured investment notes linked to the EURO STOXX 50 Index, with a maturity date of July 1, 2026. The notes, which are designed for investors seeking leveraged exposure to the index, will not pay interest or dividend payments and are aimed at investors willing to forgo such payments in exchange for a potential leveraged return based on the index's performance. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, with payments fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer a minimum repayment of 95% of the principal at maturity, subject to the credit risks of both JPMorgan Financial and JPMorgan Chase...Show More
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the issuance of structured investment notes linked to the EURO STOXX 50 Index, with a maturity date of July 1, 2026. The notes, which are designed for investors seeking leveraged exposure to the index, will not pay interest or dividend payments and are aimed at investors willing to forgo such payments in exchange for a potential leveraged return based on the index's performance. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, with payments fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer a minimum repayment of 95% of the principal at maturity, subject to the credit risks of both JPMorgan Financial and JPMorgan Chase & Co. The offering is detailed in a preliminary pricing supplement, which is subject to completion and may be changed. The notes have a minimum denomination of $10,000 and are in multiples of $1,000 thereafter. The pricing date is set for on or about June 26, 2024, with the original issue date expected to be around July 1, 2024. The valuation date is June 26, 2026. The notes are not bank deposits, are not insured by any governmental agency, and do not constitute obligations of or guaranteed by a bank. The estimated value of the notes at the time of pricing will be provided in the pricing supplement and will not be less than $970.00 per $1,000 principal amount note. The notes are not listed on any securities exchange, and while J.P. Morgan Securities LLC intends to offer to purchase the notes in the secondary market, it is not obligated to do so.

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