Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the offering of Digital Contingent Buffered Notes linked to the S&P 500 Index, with a maturity date of July 16, 2025. The notes, designed for investors seeking a minimum fixed return of 7.36% if certain conditions of the S&P 500 Index are met, are unsecured and unsubordinated obligations of JPMorgan Financial, with payments fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are contingent on the performance of the S&P 500 Index and offer a buffer against index losses up to 25%. Investors risk losing principal if the index falls more than 25% below the initial level. The offering is subject to a pricing supplement, prospectus, and relevant risk factors, with the pricing date expected on or about June 28, 2024, and the issue date around July 3, 2024. The notes are not bank deposits, are not FDIC insured, and involve investment risks, including potential loss of principal.