Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the launch of its Capped Dual Directional Accelerated Barrier Notes, linked to the iShares MSCI EAFE ETF, with a maturity date of February 4, 2027. The notes, designed for investors seeking a capped return on the ETF's appreciation or depreciation, are unsecured and unsubordinated obligations guaranteed by JPMorgan Chase & Co. The notes offer a maximum upside return of at least 25.00% and are set to price on or about July 31, 2024, with settlement expected around August 5, 2024. The notes are subject to market risks, credit risks of the issuer and guarantor, and do not guarantee principal repayment. The SEC has not approved or disapproved the notes, which are not bank deposits or FDIC insured. The preliminary pricing supplement indicates that the notes will be offered in minimum denominations of $1,000 and integral multiples thereof. Investors are advised to consider the risk factors detailed in the accompanying prospectus supplement and product supplement.