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424B2: Prospectus

SEC announcement ·  Apr 25 16:28
Summary by Moomoo AI
On April 23, 2024, JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., priced a structured investment product known as Digital Barrier Notes at $400,000. These notes are linked to the performance of the least performing stock among Tesla, Inc., Palantir Technologies Inc., and Palo Alto Networks, Inc., and are due on July 28, 2025. The notes offer a fixed return of 52.10% at maturity if the final value of the least performing stock is equal to or above 65% of its initial value. However, if the final value is below the barrier amount, investors risk losing a significant portion, or all, of their principal. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, with payments fully and unconditionally guaranteed by JPMorgan Chase & Co...Show More
On April 23, 2024, JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., priced a structured investment product known as Digital Barrier Notes at $400,000. These notes are linked to the performance of the least performing stock among Tesla, Inc., Palantir Technologies Inc., and Palo Alto Networks, Inc., and are due on July 28, 2025. The notes offer a fixed return of 52.10% at maturity if the final value of the least performing stock is equal to or above 65% of its initial value. However, if the final value is below the barrier amount, investors risk losing a significant portion, or all, of their principal. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, with payments fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes were expected to settle on or about April 26, 2024, with minimum denominations of $1,000 and integral multiples thereof. The investment involves risks, as detailed in the accompanying prospectus supplement, product supplement, and pricing supplement. The estimated value of the notes at the time of pricing was $956.90 per $1,000 principal amount note. The notes are not bank deposits, are not insured by any governmental agency, and are not guaranteed by a bank.

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