Summary by Moomoo AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the issuance of Medium-Term Notes, Series A, valued at $1,900,000. These Digital Equity Notes, due in 2025, are linked to the performance of Dell Technologies Inc.'s Class C Common Stock and are fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes, which do not bear interest, will have their payout determined by the stock performance of Dell from July 23, 2024, to August 25, 2025. Investors will receive the threshold settlement amount of $1,292.50 per $1,000 note if Dell's stock does not decline by more than 15% from the initial level. However, if the stock falls more than 15%, investors will receive less than their principal amount, potentially losing their entire...Show More