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424B2: Prospectus

SEC ·  Jun 27 05:30
Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the offering of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, with a maturity date of July 2, 2029. The notes, designed for investors seeking contingent interest payments based on the performance of the index, will be automatically called if the index's closing level on any review date, excluding the first through eleventh and final review dates, is at or above its initial value. The earliest an automatic call can be initiated is June 27, 2025. The notes carry risks including the potential loss of principal and the possibility that no contingent interest payments will be made. The index includes a...Show More
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the offering of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, with a maturity date of July 2, 2029. The notes, designed for investors seeking contingent interest payments based on the performance of the index, will be automatically called if the index's closing level on any review date, excluding the first through eleventh and final review dates, is at or above its initial value. The earliest an automatic call can be initiated is June 27, 2025. The notes carry risks including the potential loss of principal and the possibility that no contingent interest payments will be made. The index includes a 6.0% per annum daily deduction, which will impact its performance. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, with payments fully and unconditionally guaranteed by JPMorgan Chase & Co. The offering is expected to price on or about June 27, 2024, with settlement around July 2, 2024. The notes are not bank deposits, are not FDIC insured, and involve a number of risks detailed in the accompanying prospectus supplement and other offering documents. The SEC has not approved or disapproved the notes nor passed upon the accuracy of the pricing supplement.

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