Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the issuance of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, with a preliminary pricing supplement dated June 27, 2024. The notes, which are designed for investors seeking contingent interest payments based on the performance of the index, will be automatically called if the index reaches a specified level on any review date, with the first possible call date on July 31, 2025. The notes carry a 6.0% per annum daily deduction from the index level, which may impact performance. They are unsecured and unsubordinated obligations guaranteed by JPMorgan Chase & Co., with a minimum denomination of $1,000 and multiples thereof. The pricing date is...Show More