Summary by Moomoo AI
On April 23, 2024, JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., priced $615,000 worth of Callable Contingent Interest Notes. These financial instruments are linked to the performance of the Nasdaq-100 Technology Sector IndexSM, the S&P 500 Index, and the SPDR Gold Trust, and are due on March 26, 2026. The notes offer investors the potential for a Contingent Interest Payment if the closing value of each underlying index is above 70% of its initial value on review dates. The notes can be redeemed early by JPMorgan on certain interest payment dates, with the first possible redemption date being July 26, 2024. Investors are warned of the risks, including the potential loss of principal and the possibility of receiving no Contingent Interest Payment. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, with payments fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes were priced at $1,000 each and are expected to settle around April 26, 2024, with CUSIP number 48134XS89.