Summary by Moomoo AI
JPMorgan Chase & Co. has issued $500,000 in Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, due July 29, 2026. The notes, fully guaranteed by JPMorgan Chase & Co., are designed for investors seeking contingent interest payments based on the performance of the index, with the potential for automatic calling if the index reaches or exceeds a certain value. The notes were priced on July 24, 2024, and are expected to settle by July 29, 2024. 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 are unsecured and unsubordinated obligations, subject to market risks, including changes in the index due to a 6.0% per annum daily deduction. The notes are not bank deposits and are not insured by any governmental agency.