Summary by Futu AI
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., has announced the offering of 2-year Uncapped Dual Directional Buffered Return Enhanced Notes. The notes are linked to the Russell 2000 and S&P 500 indices, with a minimum denomination of $1,000. The pricing date is set for November 22, 2024, with maturity on November 27, 2026. The notes feature an upside leverage factor of at least 1.27 and a buffer amount of 10%.Investors may face a loss as the notes do not guarantee principal return. The maximum gain is capped at 10% if the lesser performing underlying return is negative. The notes are subject to the credit risks of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.The estimated value of the notes will be lower than the original issue price, and liquidity may be limited. Potential conflicts of interest and tax uncertainties are noted. Investors are advised to consult their tax advisers regarding U.S. federal income tax consequences.