Summary by Futu AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has issued structured investment notes valued at $989,000, linked to the performance of the EURO STOXX 50 Index and the iShares MSCI EAFE ETF. The notes, priced at $1,000 each, are designed for investors seeking exposure to the lesser performing of the two underlyings, with a minimum investment of $1,000 required. Investors are expected to forgo interest and dividend payments in exchange for a potential repayment of at least 95% of their principal at maturity. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, with full and unconditional guarantee by JPMorgan Chase & Co., and carry the credit risk of both entities. The notes were priced on October 31, 2024, with an expected settlement date of November 5, 2024, and a maturity date of August 5, 2026. The notes are not bank deposits, are not FDIC insured, and involve a number of risks detailed in the accompanying prospectus supplement and product supplement. The estimated value of the notes at the time of pricing was $963.70 per $1,000 principal amount note.