Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has launched a new structured investment product called Uncapped Accelerated Barrier Notes. Priced at $968,000, these notes are linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, with maturity due on September 28, 2029. The notes offer investors a potential uncapped return of 1.64 times any appreciation of the least performing index among the three at maturity, with a minimum investment of $1,000. However, investors should be prepared to forgo interest and dividend payments and accept the risk of losing some or all of their principal if the indices perform poorly. The notes, which are unsecured and unsubordinated obligations, were priced on September 25, 2024, and are...Show More