Summary by Moomoo AI
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the offering of Auto Callable Buffered Return Enhanced Notes linked to PayPal Holdings, Inc.'s common stock, with a maturity date of May 21, 2026. The notes, which are designed for investors seeking an early exit at a premium or an uncapped return at maturity, are unsecured and unsubordinated obligations guaranteed by JPMorgan Chase & Co. The notes will be priced around May 16, 2024, with a settlement date of May 21, 2024, and a minimum investment of $1,000. An automatic call feature is set for May 27, 2025, which could result in early repayment at a premium if the stock price of PayPal is at or above the call value. Investors are warned of the risks, including the potential loss of up to 70% of their principal if the final stock value decreases significantly. The notes are not bank deposits, are not FDIC insured, and involve a number of risks detailed in the accompanying prospectus supplement and product supplement.