Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the issuance of Auto Callable Accelerated Barrier Notes linked to the S&P 500 Futures Excess Return Index, with a maturity date of July 3, 2029. 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 will price on or about June 28, 2024, with a minimum denomination of $1,000 and integral multiples thereof. The automatic call feature allows for early exit on July 7, 2025, if the Index meets or exceeds the Call Value. The notes carry risks detailed in the accompanying prospectus supplement, and the SEC has not approved or disapproved the securities. The estimated value of the notes is approximately $977.10 per $1,000 principal amount note, with a minimum estimated value of $950.00 at the time of pricing. The notes are not bank deposits, are not FDIC insured, and involve a number of risks, including the potential loss of principal.