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 July 26, 2029. These notes, guaranteed by JPMorgan Chase & Co., are designed for investors seeking an early exit at a premium if the Index meets specified levels on Review Dates, with the first possible automatic call date on July 28, 2025. The notes carry a 6.0% per annum daily deduction from the Index, which may affect the performance of the investment. The notes are unsecured and unsubordinated obligations with minimum denominations of $1,000 and multiples thereof. Pricing is expected to occur on or about July 22, 2024, with settlement around July 25, 2024. Investing in the notes involves risks, including the potential loss of principal, and they are not bank deposits or insured by any governmental agency. The notes are not regulated under the Commodity Exchange Act and are subject to market, credit, and other risks.