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424B2: Prospectus

SEC ·  Sep 28 05:10

Summary by Futu AI

JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the issuance of Auto Callable Accelerated Barrier Notes linked to the performance of the S&P 500 Index, the Nasdaq-100 Index, and the Russell 2000 Index, with a maturity date of September 30, 2027. The notes, which are unsecured and unsubordinated obligations of JPMorgan Financial, are fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed for investors seeking an early exit at a premium if the indices reach or exceed their call value on any review date prior to the final review date, or an uncapped return of 1.5 times any appreciation of the least performing index at maturity if the notes have not been automatically called. The notes...Show More
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the issuance of Auto Callable Accelerated Barrier Notes linked to the performance of the S&P 500 Index, the Nasdaq-100 Index, and the Russell 2000 Index, with a maturity date of September 30, 2027. The notes, which are unsecured and unsubordinated obligations of JPMorgan Financial, are fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed for investors seeking an early exit at a premium if the indices reach or exceed their call value on any review date prior to the final review date, or an uncapped return of 1.5 times any appreciation of the least performing index at maturity if the notes have not been automatically called. The notes were priced on September 25, 2024, and are expected to settle on or about September 30, 2024. The notes offer potential automatic calls with premium payments on review dates starting October 2, 2025, with the first review date offering a 12% premium and the second a 24% premium. If not automatically called, payments at maturity will vary based on the performance of the least performing index, with full principal returned if the final value of each index is greater than or equal to 70% of its initial value. However, if the final value of any index is less than its barrier amount, investors will lose 1% of the principal for every 1% decline, potentially losing the entire principal. The notes are not bank deposits, are not insured by the FDIC or any other governmental agency, and do not guarantee any return of principal.

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