Summary by Futu AI
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the pricing of its Auto Callable Contingent Interest Notes, linked to the MerQube US Large-Cap Vol Advantage Index, with a total value of $200,000. 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 contingent interest payments based on the performance of the index, with the potential for automatic call if the index reaches a certain level. The notes have a strike value determined by the index's closing level on October 30, 2024, and are expected to settle around November 5, 2024. The notes carry risks, including the potential loss of principal and the possibility of receiving no interest payments. The notes are subject to a 6.0% per annum daily deduction from the index, which may affect performance. The notes are not bank deposits, are not FDIC insured, and involve a number of risks detailed in the accompanying prospectus supplement and other offering documents.