Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the offering of Auto Callable Buffered Return Enhanced Notes, which are linked to the performance of the lesser performing of the Russell 2000 Index and the S&P 500 Index, with a maturity date of July 22, 2027. The notes, designed for investors seeking an early exit at a premium or an uncapped return at maturity, are unsecured and unsubordinated obligations guaranteed by JPMorgan Chase & Co. The notes offer potential automatic call on July 28, 2025, with a minimum investment of $1,000. The pricing date is set for on or about July 19, 2024, with settlement around July 24, 2024. Investors are warned of the risks involved, including the potential loss of up to 80% of the principal amount at maturity if the indices perform poorly. The notes are not bank deposits, nor are they FDIC insured. The SEC has not approved or disapproved of the notes, which are subject to market conditions and risks detailed in the accompanying prospectus supplement and product supplement.