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