Summary by Moomoo AI
JPMorgan Chase Financial Company LLC has announced the offering of Capped Accelerated Barrier Notes linked to the Russell 2000 Index, with a maturity date of May 18, 2029. These notes, guaranteed by JPMorgan Chase & Co., offer investors a potential return of twice the index's appreciation, up to a 67.00% maximum return at maturity. However, investors must be willing to forgo interest and dividend payments and accept the risk of losing some or all of their principal. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, with a minimum investment of $1,000. The pricing date is set for on or about May 15, 2024, with settlement around May 20, 2024. The notes are subject to market risks, credit risks of both JPMorgan Financial and JPMorgan Chase & Co., and do not guarantee principal repayment. The estimated value of the notes is approximately $951.50 per $1,000 principal amount note, with the final terms to be provided in the pricing supplement. The notes are not bank deposits, are not FDIC insured, and do not constitute obligations of or guaranteed by a bank.