JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the issuance of Step-Up Auto Callable Notes linked to the MerQube US Large-Cap Vol Advantage Index, with a maturity date of August 3, 2029. The notes, priced at $1,000 each, are designed to offer investors the potential for an early exit at a premium if the Index reaches or exceeds a specified Call Value on any Review Date, except the final one. The notes will not pay interest and are structured to provide investors with a return linked to the performance of the Index, subject to a 6.0% per annum daily deduction. The notes are unsecured and unsubordinated obligations guaranteed by JPMorgan Chase & Co. The pricing date is set...Show More

JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the issuance of Step-Up Auto Callable Notes linked to the MerQube US Large-Cap Vol Advantage Index, with a maturity date of August 3, 2029. The notes, priced at $1,000 each, are designed to offer investors the potential for an early exit at a premium if the Index reaches or exceeds a specified Call Value on any Review Date, except the final one. The notes will not pay interest and are structured to provide investors with a return linked to the performance of the Index, subject to a 6.0% per annum daily deduction. The notes are unsecured and unsubordinated obligations guaranteed by JPMorgan Chase & Co. The pricing date is set for July 31, 2024, with an expected settlement around August 5, 2024. The first Review Date is August 7, 2025, with subsequent annual Review Dates until the final one on July 31, 2029. If the Index's closing level on any Review Date is greater than or equal to the Call Value, the notes will be automatically called, and investors will receive the principal amount plus a Call Premium Amount. If not automatically called, at maturity, investors will receive the principal amount plus an Additional Amount based on the Index Return and Participation Rate, which may be zero. The notes are subject to market risks, including changes in the Index level due to the daily deduction, and credit risks of the issuer and guarantor.