Summary by Moomoo AI
JPMorgan Chase & Co. has announced the preliminary pricing supplement for its Capped Buffered Return Enhanced Notes linked to the lesser performing of the Dow Jones Industrial Average and the S&P 500 Index, due August 5, 2026. The notes are designed for investors seeking a return of 2.00 times any appreciation of the lesser performing index, up to a maximum return of at least 20.95% at maturity, while also being willing to forgo interest and dividend payments and risk losing up to 80% of their principal. The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co. The pricing supplement is subject to completion and may be changed. The notes are expected to price on or about July 31, 2024, and settle on or about August 5, 2024. The notes are not bank deposits and are not insured by the FDIC or any other governmental agency.