Summary by Moomoo AI
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has launched a new structured investment product called Capped Dual Directional Buffered Equity Notes, linked to the S&P 500 Index, with a maturity date of August 12, 2025. The notes, which are designed for investors seeking exposure to the S&P 500 Index with capped potential returns, were priced on May 7, 2024, with a settlement date around May 10, 2024. The notes offer a maximum upside return of 7.05% and a buffer amount of 15.00%, meaning investors could lose up to 85% of their principal if the index depreciates beyond the buffer amount. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, with JPMorgan Chase & Co. providing a full and unconditional guarantee. The notes do not pay interest or dividends and are not bank deposits, nor are they insured by any governmental agency. The investment involves risks, including credit risk and market volatility. The notes are available in minimum denominations of $1,000 and integral multiples thereof.
