Summary by Futu AI
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has issued Capped Growth Enhanced Asset Return Securities (Capped GEARS) linked to the S&P 500 Index, with an investment return tied to the performance of the index. The securities, which are unsecured and unsubordinated debt obligations, were filed under Rule 424(b)(2) with a total offering of $8,260,280 and are due on November 28, 2025. The securities offer investors the potential for enhanced growth with a maximum gain of 11.85%, provided the S&P 500 Index returns are positive. If the index returns are negative, investors will be exposed to losses proportional to the decline. The securities do not pay interest or dividends and are subject to the credit risk of both JPMorgan Financial as the issuer and JPMorgan Chase & Co. as the guarantor. The offering was priced on September 25, 2024, with an original issue date of September 30, 2024. The securities are not insured by any governmental agency and will not be listed on any securities exchange, indicating that liquidity may be limited.
