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JPMorgan | 424B2: Prospectus

SEC announcement ·  Feb 23 15:16
Summary by Moomoo AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the issuance of Dual Directional Trigger Participation Securities based on the S&P 500 Index, with a maturity date of April 3, 2025. These securities, which do not guarantee principal return and pay no interest, offer investors potential returns linked to the performance of the S&P 500 Index, with a maximum upside payment at maturity. The securities are designed for investors willing to risk their principal in exchange for the potential of an equity index-based return and are subject to the credit risk of both JPMorgan Financial as the issuer and JPMorgan Chase & Co. as the guarantor. The securities are unsecured and unsubordinated obligations issued under JPMorgan...Show More
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the issuance of Dual Directional Trigger Participation Securities based on the S&P 500 Index, with a maturity date of April 3, 2025. These securities, which do not guarantee principal return and pay no interest, offer investors potential returns linked to the performance of the S&P 500 Index, with a maximum upside payment at maturity. The securities are designed for investors willing to risk their principal in exchange for the potential of an equity index-based return and are subject to the credit risk of both JPMorgan Financial as the issuer and JPMorgan Chase & Co. as the guarantor. The securities are unsecured and unsubordinated obligations issued under JPMorgan Financial's Medium-Term Notes, Series A program. The pricing supplement is expected to be dated February 2024, with the pricing date anticipated on or about February 29, 2024, and the original issue date set for March 2024. The securities will not be listed on any securities exchange, and J.P. Morgan Securities LLC will act as the agent. The securities are structured to provide a positive return if the S&P 500 Index appreciates or if it depreciates by no more than 10%, with a maximum return of 10%. However, if the index depreciates by more than 10%, investors will lose a corresponding amount of their principal. The securities are aimed at investors who are willing to forgo current income and upside above the maximum payment at maturity for the potential of a limited absolute return and trigger features.

This announcement is a separate document:

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