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JPMorgan | 424B2: Prospectus

SEC announcement ·  Feb 23 15:40
Summary by Moomoo AI
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the issuance of Fixed to Floating Rate Notes linked to the 3-Year U.S. Dollar SOFR ICE Swap Rate, with a maturity date of July 7, 2025. The notes, which are unsecured and unsubordinated obligations, offer investors a 6.50% per annum fixed interest rate for the initial period until August 28, 2024, after which the rate will be linked to the 3-Year U.S. Dollar SOFR ICE Swap Rate with a minimum interest rate of 0.00% per annum. The notes are available in minimum denominations of $1,000 and are fully and unconditionally guaranteed by JPMorgan Chase & Co. The pricing supplement is preliminary and subject to change, with the pricing date set for February 23, 2024, and...Show More
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the issuance of Fixed to Floating Rate Notes linked to the 3-Year U.S. Dollar SOFR ICE Swap Rate, with a maturity date of July 7, 2025. The notes, which are unsecured and unsubordinated obligations, offer investors a 6.50% per annum fixed interest rate for the initial period until August 28, 2024, after which the rate will be linked to the 3-Year U.S. Dollar SOFR ICE Swap Rate with a minimum interest rate of 0.00% per annum. The notes are available in minimum denominations of $1,000 and are fully and unconditionally guaranteed by JPMorgan Chase & Co. The pricing supplement is preliminary and subject to change, with the pricing date set for February 23, 2024, and the original issue date on February 28, 2024. The notes are not bank deposits, are not FDIC insured, and involve a number of risks, including credit risks of JPMorgan Financial and JPMorgan Chase & Co., and market risks associated with the floating interest rate after the initial period. The notes are not listed on any securities exchange, and while JPMS may offer to purchase the notes in the secondary market, it is not obligated to do so, potentially affecting liquidity for investors.

This announcement is a separate document:

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