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424B2: Prospectus

SEC announcement ·  Apr 25 16:42
Summary by Moomoo AI
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the issuance of Medium-Term Notes, Series A, in the form of $4,640,000 Capped Buffered Enhanced Participation Equity Notes due 2026, linked to the S&P 500 Index. These notes, which do not bear interest, are designed to pay out based on the performance of the S&P 500 Index from April 23, 2024, to March 23, 2026. The return on investment is contingent on the final level of the S&P 500 Index on the determination date, with a maximum settlement amount of $1,219.75 per $1,000 principal amount note. If the Index's final level declines by up to 10% from the initial level, investors will receive their principal amount. However, a decline of more than 10% will result...Show More
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the issuance of Medium-Term Notes, Series A, in the form of $4,640,000 Capped Buffered Enhanced Participation Equity Notes due 2026, linked to the S&P 500 Index. These notes, which do not bear interest, are designed to pay out based on the performance of the S&P 500 Index from April 23, 2024, to March 23, 2026. The return on investment is contingent on the final level of the S&P 500 Index on the determination date, with a maximum settlement amount of $1,219.75 per $1,000 principal amount note. If the Index's final level declines by up to 10% from the initial level, investors will receive their principal amount. However, a decline of more than 10% will result in a negative return, and investors could lose their entire investment. The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co. and are subject to the credit risk of both the issuer and the guarantor. The estimated value of the notes at the time of pricing was $972.20 per $1,000 principal amount note. The original issue date is set for April 30, 2024, with an original issue price of 100% of the principal amount. J.P. Morgan Securities LLC will pay a 2% underwriting commission to an unaffiliated dealer. The notes are not bank deposits, are not insured by the FDIC or any other governmental agency, and are not guaranteed by a bank.

This announcement is a separate document:

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