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424B2: Prospectus

SEC announcement ·  May 2 16:46
Summary by Moomoo AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has issued a pricing supplement for $1,500,000 Contingent Digital Buffered Notes linked to Tesla, Inc.'s common stock, with a maturity date of May 4, 2026. The notes offer a fixed return of 41.72% if the final stock price of Tesla is at or above the strike price, or if it is less by up to 30%. However, if Tesla's final stock price falls more than 30% below the strike price, investors risk losing a proportionate amount of their principal. The notes, with a minimum denomination of $10,000, are unsecured and unsubordinated obligations guaranteed by JPMorgan Chase & Co. The strike price is set at $194.05, based on Tesla's closing stock price on April...Show More
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has issued a pricing supplement for $1,500,000 Contingent Digital Buffered Notes linked to Tesla, Inc.'s common stock, with a maturity date of May 4, 2026. The notes offer a fixed return of 41.72% if the final stock price of Tesla is at or above the strike price, or if it is less by up to 30%. However, if Tesla's final stock price falls more than 30% below the strike price, investors risk losing a proportionate amount of their principal. The notes, with a minimum denomination of $10,000, are unsecured and unsubordinated obligations guaranteed by JPMorgan Chase & Co. The strike price is set at $194.05, based on Tesla's closing stock price on April 29, 2024. The notes were priced on April 30, 2024, and are subject to market disruption events. The offering includes a buffer amount of 30% and a downside leverage factor, meaning the investment is not principal-protected. JPMorgan Chase & Co. and its affiliates are involved in various roles, including calculation agent and hedging activities, which may present potential conflicts of interest. The notes are not bank deposits, are not FDIC insured, and involve a number of risks detailed in the prospectus supplement and product supplement. The estimated value of the notes at issuance is $974.40 per $1,000 principal amount, which is lower than the public offering price due to included costs such as selling commissions and hedging expenses.

This announcement is a separate document:

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