Summary by Moomoo AI
JPMorgan Chase Financial Company LLC, backed by JPMorgan Chase & Co., has introduced a new structured investment product called '2.5yrNC6m NDXT/RTY/SPX Auto Callable Contingent Interest Notes'. These notes are linked to the performance of three major indices: the Nasdaq-100 Technology Sector Index, Russell 2000 Index, and S&P 500 Index. The product has a minimum denomination of $1,000 and offers a contingent interest rate between 7.50% and 9.50% per annum, paid quarterly if certain conditions are met. The notes have a pricing date set for May 14, 2024, with a final review date on November 16, 2026, and maturity on November 19, 2026. An automatic call feature is included, which can trigger an early redemption if the indices perform at or above their initial values on any review date. The estimated...Show More