Summary by Moomoo AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has announced the issuance of Auto Callable Contingent Interest Notes linked to the Class B Common Stock of United Parcel Service, Inc. (UPS), with the notes fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes, designed for investors seeking contingent interest payments based on the performance of UPS stock, will be automatically called if the stock price meets certain conditions on review dates. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, with payments subject to the credit risk of both the issuer and guarantor. The notes are expected to price on or about July 30, 2024, with a settlement date on or about August 2, 2024, and mature...Show More