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424B2: Prospectus

SEC announcement ·  Jun 29 04:58
Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the issuance of Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, with a maturity date of August 5, 2027. These notes, designed for investors seeking an early exit at a premium, will be fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer the potential for automatic call initiation starting August 4, 2025, and require investors to forgo interest and dividend payments, accepting the risk of losing some or all of their principal at maturity. The notes are subject to a 6.0% per annum daily deduction from the Index, which may affect performance. The unsecured and unsubordinated obligations will be offered in minimum denominations of...Show More
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the issuance of Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, with a maturity date of August 5, 2027. These notes, designed for investors seeking an early exit at a premium, will be fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer the potential for automatic call initiation starting August 4, 2025, and require investors to forgo interest and dividend payments, accepting the risk of losing some or all of their principal at maturity. The notes are subject to a 6.0% per annum daily deduction from the Index, which may affect performance. The unsecured and unsubordinated obligations will be offered in minimum denominations of $1,000 and integral multiples thereof. Pricing is expected to occur on or about July 31, 2024, with settlement anticipated around August 5, 2024. The notes are not bank deposits, are not FDIC insured, and involve a number of risks detailed in the accompanying prospectus supplements and the pricing supplement. The estimated value of the notes at pricing would be approximately $938.40 per $1,000 principal amount note, with a minimum estimated value of $900.00 per note. The notes are not regulated under the Commodity Exchange Act and are offered pursuant to an exemption known as the hybrid instrument exemption.

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