Summary by Futu AI
On November 22, 2024, JPMorgan Chase Financial Company LLC announced the issuance of Capped Fixed to Floating Rate Notes due January 2, 2026. These notes offer an initial fixed interest rate of 5.15% per annum for the first three months, transitioning to a floating rate linked to Compounded SOFR plus 0.15%, capped at 4.85% per annum. The notes are unsecured and guaranteed by JPMorgan Chase & Co.Investors can purchase these notes in minimum denominations of $1,000. Interest payments are made monthly, with the principal returned at maturity. The notes are subject to credit risks of both JPMorgan Financial and JPMorgan Chase & Co. and are not insured by any governmental agency.Potential investors should consider the risks, including interest rate variability and liquidity concerns, as detailed in the accompanying prospectus and product supplement.