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424B2: Prospectus

SEC ·  Sep 28 05:09

Summary by Futu AI

JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the issuance of Medium-Term Notes, Series A, called Autocallable Enhanced Participation Equity Notes due 2027, linked to the Nasdaq-100 Index. The notes, which do not bear interest, have a maturity date of October 6, 2027, with the possibility of being automatically called on October 10, 2025, or October 2, 2026. The notes' return is based on the performance of the Nasdaq-100 Index, with a capped maximum payment if called on a call observation date. The call premium amount is expected to be between 8.76% and 10.27% for the first call observation date and between 17.52% and 20.54% for the second. If not automatically called and the final underlier level on the determination date (October 4, 2027) is...Show More
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the issuance of Medium-Term Notes, Series A, called Autocallable Enhanced Participation Equity Notes due 2027, linked to the Nasdaq-100 Index. The notes, which do not bear interest, have a maturity date of October 6, 2027, with the possibility of being automatically called on October 10, 2025, or October 2, 2026. The notes' return is based on the performance of the Nasdaq-100 Index, with a capped maximum payment if called on a call observation date. The call premium amount is expected to be between 8.76% and 10.27% for the first call observation date and between 17.52% and 20.54% for the second. If not automatically called and the final underlier level on the determination date (October 4, 2027) is greater than or equal to the initial level, investors will receive a cash payment equal to $1,000 plus a premium. However, if the final underlier level declines by more than 32.00% from the initial level, investors could lose their entire investment. The notes are subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The estimated value of the notes will be provided in the final pricing supplement and is expected to be between $953.80 and $963.80 per $1,000 principal amount note. The notes are scheduled for issuance around October 9, 2024, with J.P. Morgan Securities LLC acting as the agent and paying selling commissions to an unaffiliated dealer. The notes are not FDIC insured, not bank deposits, nor are they guaranteed by a bank.

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