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424B2: Prospectus

SEC announcement ·  Apr 25 15:11
Summary by Moomoo AI
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has launched a new structured investment product called Capped Dual Directional Buffered Return Enhanced Notes, linked to the Russell 2000 Index, with a maturity date of May 29, 2025. The notes, which are designed for investors seeking a capped return, were priced at $1,000 each on April 23, 2024, with a total offering of $500,000. These notes offer 1.50 times any appreciation of the index, capped at a maximum upside return of 12.80%, or a capped return equal to the absolute value of any depreciation, up to a buffer amount of 10.00%. Investors are warned that they could lose up to 90.00% of their principal if the index depreciates beyond the buffer amount. The notes are unsecured and unsubordinated obligations...Show More
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has launched a new structured investment product called Capped Dual Directional Buffered Return Enhanced Notes, linked to the Russell 2000 Index, with a maturity date of May 29, 2025. The notes, which are designed for investors seeking a capped return, were priced at $1,000 each on April 23, 2024, with a total offering of $500,000. These notes offer 1.50 times any appreciation of the index, capped at a maximum upside return of 12.80%, or a capped return equal to the absolute value of any depreciation, up to a buffer amount of 10.00%. Investors are warned that they could lose up to 90.00% of their principal if the index depreciates beyond the buffer amount. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, guaranteed by JPMorgan Chase & Co., and carry risks including credit risk and market fluctuations. The notes are expected to settle around April 26, 2024, and do not pay interest or dividends. The offering includes a minimum denomination of $1,000 and integral multiples thereof. The SEC has not approved or disapproved of the notes, which are not bank deposits, are not insured by any governmental agency, and are not guaranteed by a bank.
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