Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the issuance of Callable Contingent Interest Notes linked to the performance of three indices: the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the Utilities Select Sector SPDR Fund. These structured investments are designed for investors seeking contingent interest payments, which are subject to the performance of the aforementioned indices. The notes offer the potential for early redemption by the issuer on specified dates and carry the risk of losing principal if the indices perform poorly. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, with payments fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about July 5, 2024, and settle on or about July 10, 2024. The announcement emphasizes the risks involved in investing in the notes, including credit risk and market volatility, and notes that the Securities and Exchange Commission has not approved or disapproved of the securities.