Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the offering of Uncapped Accelerated Barrier Notes linked to the performance of the SPDR S&P 500 ETF Trust and the Invesco QQQ Trust, Series 1. The notes, which are designed for investors seeking an uncapped return of at least 1.41 times any appreciation of the lesser performing fund at maturity, are unsecured and unsubordinated obligations guaranteed by JPMorgan Chase & Co. The notes are set to price on or about June 28, 2024, with a settlement date on or about July 3, 2024, and will mature on July 3, 2029. Investors should be aware that they will forgo interest and dividend payments and may lose some or all of their principal if the final value of either fund is less than its barrier amount. The notes are not bank deposits, are not FDIC insured, and involve a number of risks, including credit risks of JPMorgan Financial and JPMorgan Chase & Co., and market volatility that may affect the funds' performance.