Summary by Moomoo AI
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the pricing of $300 million in Auto Callable Contingent Interest Notes linked to the common stock of MercadoLibre, Inc., set to mature on February 25, 2026. The notes, priced at $1,000 each on February 21, 2024, are designed to pay investors contingent interest if the stock price of MercadoLibre is above a certain threshold on review dates. The notes will be automatically called if the stock price exceeds the strike value on any review date, with the first possible call date being August 20, 2024. Investors are warned of the risks, including the potential loss of principal and the possibility of receiving no interest payments. The notes are unsecured and unsubordinated, with JPMorgan Chase & Co. fully and unconditionally guaranteeing payments. The offering is expected to settle on or about February 26, 2024. The notes are not bank deposits, are not FDIC insured, and involve a number of risks detailed in the accompanying prospectus supplement and product supplement.