Summary by Futu AI
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has structured a new investment product linked to the MerQube US Tech+ Vol Advantage Index. The product, known as Review Notes, is designed for investors seeking the potential for early exit at a premium if the Index performs favorably on predetermined Review Dates. The notes, with a total value of $2,465,000, are unsecured and unsubordinated obligations guaranteed by JPMorgan Chase & Co. They offer a Call Premium Amount on each Review Date, starting from 16.70% of $1,000 on the first date to 83.50% on the final date. The notes are set to price on September 25, 2024, with an expected settlement date around September 30, 2024, and mature on September 28, 2029. Automatic calls may be triggered if the Index...Show More