Summary by Futu AI
On November 22, 2024, JPMorgan Chase Financial Company LLC announced the issuance of Auto Callable Contingent Interest Notes linked to Uber Technologies, Inc. stock, due June 2, 2027. These notes offer contingent interest payments if Uber's stock price meets certain criteria, with the first automatic call possible on February 27, 2025. Investors face risks, including potential loss of principal and no guaranteed interest payments.The notes are unsecured obligations of JPMorgan Financial, guaranteed by JPMorgan Chase & Co., and are subject to their credit risk. The minimum denomination is $1,000, with pricing expected around November 27, 2024, and settlement on November 29, 2024. The estimated value of the notes will be provided in the pricing supplement.Investors should consider the risks, including the lack of liquidity and potential conflicts of interest, as detailed in the accompanying prospectus and product supplement. The notes are not insured by the FDIC or any other governmental agency.