Summary by Futu AI
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the offering of Trigger Autocallable Contingent Yield Notes worth $21,450,000, linked to the common stock of NVIDIA Corporation. The notes, due on June 25, 2026, are designed to pay a contingent coupon if NVIDIA's stock price meets certain criteria on quarterly observation dates. If NVIDIA's stock price is equal to or above the initial value on any observation date, the notes will be automatically called, and JPMorgan will pay the principal amount plus the contingent coupon. If not called and the final value is above a specified threshold, the principal amount will be paid at maturity along with the contingent coupon. However, if the final value is below the threshold, investors will receive less than their principal, proportional to the decline in NVIDIA's stock price. The notes are unsecured, unsubordinated, and subject to JPMorgan's credit risk. The offering was priced on June 24, 2024, with an original issue date of June 27, 2024.