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424B2: Prospectus

SEC announcement ·  May 2 16:55
Summary by Moomoo AI
JPMorgan Chase Financial Company LLC has announced the issuance of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, with a maturity date of June 5, 2029. These notes are designed for investors seeking contingent interest payments on review dates where the index level meets or exceeds a specified value, and they include an automatic call feature if the index level on any review date, except the first and final, matches or exceeds the initial value. The earliest automatic call date is December 2, 2024. The notes carry risks including the potential loss of principal and the possibility of receiving no contingent interest payments. The index includes a 6.0% per annum daily deduction and a notional financing cost, which may...Show More
JPMorgan Chase Financial Company LLC has announced the issuance of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, with a maturity date of June 5, 2029. These notes are designed for investors seeking contingent interest payments on review dates where the index level meets or exceeds a specified value, and they include an automatic call feature if the index level on any review date, except the first and final, matches or exceeds the initial value. The earliest automatic call date is December 2, 2024. The notes carry risks including the potential loss of principal and the possibility of receiving no contingent interest payments. The index includes a 6.0% per annum daily deduction and a notional financing cost, which may negatively impact performance. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, guaranteed by JPMorgan Chase & Co., subject to their credit risks. The notes are expected to price on May 31, 2024, and settle on June 5, 2024, with minimum denominations of $1,000. The announcement highlights the risks involved in investing in the notes, including market, credit, and liquidity risks, and notes that the Securities and Exchange Commission (SEC) has not approved or disapproved the securities.
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