JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the issuance of Medium-Term Notes, Series A, referred to as Digital Equity Notes, due in 2027 and linked to the S&P 500 Index. These notes, which do not bear interest, will have their payout determined by the performance of the S&P 500 Index from the trade date, expected to be around September 26, 2024, to the determination date, January 4, 2027. If the final level of the S&P 500 on the determination date is at least 85% of the initial level, investors will receive a threshold settlement amount between $1,149.90 and $1,176.30 per $1,000 principal amount note. However, if the index falls more than 15% below the initial level, the return on the notes...Show More

JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the issuance of Medium-Term Notes, Series A, referred to as Digital Equity Notes, due in 2027 and linked to the S&P 500 Index. These notes, which do not bear interest, will have their payout determined by the performance of the S&P 500 Index from the trade date, expected to be around September 26, 2024, to the determination date, January 4, 2027. If the final level of the S&P 500 on the determination date is at least 85% of the initial level, investors will receive a threshold settlement amount between $1,149.90 and $1,176.30 per $1,000 principal amount note. However, if the index falls more than 15% below the initial level, the return on the notes will be negative, and investors could lose their entire investment. The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co. and are subject to the credit risk of both the issuer and the guarantor. The estimated value of the notes at the time of pricing is expected to be between $973.80 and $983.80 per $1,000 note. The notes are scheduled for original issue around October 3, 2024, with no underwriting commissions or discounts, resulting in net proceeds of 100% of the principal amount to the issuer. J.P. Morgan Securities LLC will act as the agent for the sale of the notes without receiving selling commissions, offering them to an unaffiliated dealer at the full principal amount. The notes will not be listed on any securities exchange, and while J.P. Morgan Securities may make a market for the notes, it is not obligated to do so. The notes are not bank deposits, are not insured by the FDIC or any other governmental agency, and are not guaranteed by a bank.