Summary by Moomoo AI
JPMorgan Chase Financial Company LLC, with JPMorgan Chase & Co. as the guarantor, has announced the offering of a new structured investment product, the 5-year SPX Uncapped Dual Directional Accelerated Barrier Notes. These notes are linked to the performance of the S&P 500 Index, with a minimum denomination of $1,000 and an upside leverage factor of at least 1.025. The notes have a pricing date set for July 12, 2024, an observation date of July 12, 2029, and a maturity date of July 17, 2029. The barrier amount is set at 75% of the initial value, and the payment at maturity will vary depending on the final value of the index in relation to the initial value. The estimated value of the notes at the time of the terms being...Show More