JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the offering of Trigger Autocallable Notes linked to the lesser performing of the Invesco QQQ Trust, Series 1 and the SPDR S&P 500 ETF Trust. The notes, which do not pay interest, are designed to be called automatically if the closing price of one share of each underlying is at or above its initial value on any observation date after a one-year non-call period. If called, investors will receive a Call Price equal to the principal amount per note plus a Call Return that increases the longer the notes are outstanding. If not called and the final value of each underlying is above a specified Downside...Show More

JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the offering of Trigger Autocallable Notes linked to the lesser performing of the Invesco QQQ Trust, Series 1 and the SPDR S&P 500 ETF Trust. The notes, which do not pay interest, are designed to be called automatically if the closing price of one share of each underlying is at or above its initial value on any observation date after a one-year non-call period. If called, investors will receive a Call Price equal to the principal amount per note plus a Call Return that increases the longer the notes are outstanding. If not called and the final value of each underlying is above a specified Downside Threshold at maturity, the principal amount will be repaid. However, if the final value of either underlying is below the Downside Threshold, investors will receive less than their principal amount, potentially resulting in a loss proportional to the decline in the lesser performing underlying. The notes are subject to market risk and credit risk of the issuer and guarantor, and may not be suitable for all investors. The offering is set to be completed on June 26, 2024, with the notes maturing on June 30, 2026.