Summary by Futu AI
JPMorgan Chase Financial Company LLC, an indirect wholly owned subsidiary of JPMorgan Chase & Co., has announced the issuance of Floating Rate Notes due April 26, 2064, with an original issue date of April 26, 2024. The notes, which are unsecured and unsubordinated, will have periodic interest payments linked to the benchmark rate Compounded SOFR plus 0.10%, with a minimum interest rate of 0.00% per annum. Investors have the option to request the repurchase of their notes annually after approximately three years from the original issue date, subject to certain conditions. The notes are available in minimum denominations of $1,000 and integral multiples thereof. The pricing supplement is subject to completion and may be changed prior to issuance. The notes are not bank deposits, are not insured by any governmental agency, and are not guaranteed by a bank. They are fully and unconditionally guaranteed by JPMorgan Chase & Co. and involve a number of risks, as detailed in the 'Risk Factors' sections of the accompanying prospectus supplement and product supplement.