Summary by Futu AI
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has issued $405,000 in Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, with a maturity date of September 30, 2027. The notes, priced on September 25, 2024, are designed to pay a Contingent Interest Payment if the Index's closing level is at or above a specified barrier on review dates. The notes will be automatically called if the Index reaches the initial value on any review date, with the first possible call date on March 25, 2025. Investors are warned of the risk of losing their principal and the possibility of receiving no interest payments. The notes are unsecured and unsubordinated, relying on JPMorgan's credit risk, and are expected to settle around September 30, 2024. The Index includes a 6.0% per annum daily deduction and a notional financing cost, which may affect the performance of the notes. The notes are not bank deposits and are not insured by any governmental agency.