Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the offering of Digital Barrier Notes linked to the performance of the S&P 500 Index, the Russell 2000 Index, and the Dow Jones Industrial Average. The notes, which are not bank deposits and are not insured by any governmental agency, offer a fixed return of 70.00% to 76.25% at maturity if the least performing index is equal to or above 90.00% of its initial value. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, with payments fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about October 16, 2024, with a settlement date on or about October 21, 2024, and mature on October 21, 2030. Investors should be aware of the risks involved, including the potential loss of principal, and that the notes do not guarantee any return of principal if the final value of any index is less than its barrier amount. The offering is subject to market conditions and other factors.
