Summary by Futu AI
On November 20, 2024, JPMorgan Chase Financial Company LLC announced the issuance of $555,000 Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on November 26, 2029. These notes offer contingent interest payments if the Index level is at least 60% of its Initial Value on Review Dates. Automatic call is possible if the Index meets or exceeds the Initial Value on specified dates.The notes are subject to a 6% annual deduction and a notional financing cost, impacting Index performance. Investors face risks including potential loss of principal and no guaranteed interest payments. The notes are unsecured, with payments guaranteed by JPMorgan Chase & Co., and are not insured by any governmental agency.The estimated value of the notes is $920.90 per $1,000 principal amount, lower than the issue price due to associated costs. The notes are not listed on any exchange, affecting liquidity and potential resale value. Investors should consider these factors and consult advisors before investing.
