Summary by Moomoo AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the offering of Uncapped Dual Directional Accelerated Barrier Notes linked to the S&P 500 Index, with a maturity date of July 17, 2029. These structured investments are designed for investors seeking a return of at least 1.025 times any appreciation of the S&P 500 Index at maturity, with a capped return on any depreciation up to 25% if certain conditions are met. The notes, which are unsecured and unsubordinated obligations, are fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about July 12, 2024, with a settlement date on or about July 17, 2024. The notes are subject to investment risks, including the potential loss of principal, and will not pay interest or dividends. The offering is detailed in a preliminary pricing supplement, which is subject to change and completion, and is not an offer to sell nor a solicitation of an offer to buy in any jurisdiction where such offer or sale is not permitted.