Summary by Futu AI
JPMorgan Chase Financial Company LLC, with JPMorgan Chase & Co. as the guarantor, has announced the offering of a new structured investment product. The notes, with a minimum denomination of $1,000, are linked to the performance of the S&P 500 Index and the SPDR S&P Biotech ETF. The notes offer a contingent interest rate of at least 8.00% per annum, payable semiannually, provided certain conditions are met. The pricing date for the notes is set for July 19, 2024, with a final review date on July 19, 2027, and maturity on July 22, 2027. The notes include an early redemption option by the issuer on any semiannual interest payment date, excluding the final one. The payment at maturity is contingent on the performance of the underlyings, with a...Show More