Summary by Moomoo AI
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the issuance of Dual Directional Trigger Participation Securities linked to an underlying index. The securities, which do not guarantee principal return and do not pay interest, offer investors the potential for an upside payment at maturity if the final index value is greater than the initial index value, with a maximum upside payment of at least $1,123.50 per $1,000 security. However, if the final index value is less than the trigger level, which is set at 90% of the initial index value, investors will face a loss that could be the entire investment. The pricing date is expected to be on February 29, 2024, with the valuation date set for March 31, 2025, and...Show More