Summary by Moomoo AI
JPMorgan Chase & Co. has issued $523,000 in Auto Callable Contingent Interest Notes linked to the MerQube US Small-Cap Vol Advantage Index, due July 29, 2026. These notes, fully guaranteed by JPMorgan Chase & Co., are designed for investors seeking contingent interest payments based on the performance of the index, provided it remains above a specified barrier. The notes will be automatically called if the index's closing level on any review date, excluding the first, second, and final review dates, is equal to or exceeds the initial value. Investors should be willing to accept the risk of losing their principal and the possibility of no interest payments on some or all review dates. The notes were priced on July 24, 2024, and are expected to settle by July 29, 2024. The offering aims to meet investor demand for products with specific risk-return profiles and market exposure.