Summary by Moomoo AI
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the offering of Auto Callable Contingent Interest Notes linked to the common stock of Amazon.com, Inc., with a maturity date of March 4, 2027. The notes, designed for investors seeking contingent interest payments based on the performance of Amazon's stock, will be automatically called if the stock price meets certain conditions on review dates. The earliest automatic call date is August 27, 2024. The notes are unsecured and unsubordinated, with JPMorgan Chase & Co. providing a full and unconditional guarantee. The pricing date is expected to be on or about February 27, 2024, with settlement around February 29, 2024. The notes involve significant risks, including the potential loss of principal and the possibility of receiving no interest payments. The offering is subject to completion, with the preliminary pricing supplement dated February 21, 2024, amending and restating the original supplement from February 20, 2024. The notes are not bank deposits, are not FDIC insured, and involve credit risks from both the issuer and guarantor.