Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the issuance of Medium-Term Notes, Series A, in the form of $3,137,000 Capped Buffered Enhanced Participation Equity Notes due 2025, linked to the Nasdaq-100 Index. These notes, which do not bear interest, are designed to provide returns based on the performance of the Nasdaq-100 Index from June 24, 2024, to July 24, 2025. Investors will receive a positive return if the final level of the index is higher than the initial level, up to a maximum settlement amount of $1,150 for each $1,000 principal amount note. If the index declines by up to 10% from the initial level, investors will receive the principal amount. However, a decline of more than 10% will result in...Show More