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424B2: Prospectus

SEC ·  05:03
Summary by Futu AI
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the issuance of Auto Callable Accelerated Barrier Notes linked to the MerQube US Large-Cap Vol Advantage Index, with a maturity date of September 17, 2029. The notes, priced on September 12, 2024, are designed to offer investors the potential for an early exit at a premium if the Index reaches or exceeds the Call Value on any Review Date before the final one. The notes also aim to provide a return of three times any Index appreciation at maturity if not previously called. The Index reflects a 6.0% per annum deduction, which may impact performance. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, guaranteed by JPMorgan Chase & Co., and...Show More
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the issuance of Auto Callable Accelerated Barrier Notes linked to the MerQube US Large-Cap Vol Advantage Index, with a maturity date of September 17, 2029. The notes, priced on September 12, 2024, are designed to offer investors the potential for an early exit at a premium if the Index reaches or exceeds the Call Value on any Review Date before the final one. The notes also aim to provide a return of three times any Index appreciation at maturity if not previously called. The Index reflects a 6.0% per annum deduction, which may impact performance. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, guaranteed by JPMorgan Chase & Co., and subject to the credit risk of both entities. The notes, with minimum denominations of $1,000, will not pay interest or dividends, and investors may lose some or all of their principal if the Index falls below a certain barrier amount. The offering highlights the potential risks and rewards of such structured investments, including the possibility of losing more than 50% of the principal amount at maturity if the Index performs poorly.

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