Summary by Moomoo AI
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has issued $11,785,000 in Yield Notes linked to the lesser performing of the Russell 2000 Index and the S&P 500 Index, due September 5, 2025. These notes, fully and unconditionally guaranteed by JPMorgan Chase & Co., offer a 9.25% per annum interest rate, payable monthly, and are designed for investors seeking higher interest rates than conventional debt securities with the same maturity. The notes are unsecured and unsubordinated obligations, subject to the credit risk of both JPMorgan Financial as the issuer and JPMorgan Chase & Co. as the guarantor. The notes were priced on July 31, 2024, and are expected to settle on August 5, 2024. Investors should be willing to accept the risk of losing some or all of their principal and forgo dividend payments in exchange for interest payments. The notes are not bank deposits, are not insured by the FDIC or any other governmental agency, and do not guarantee any return of principal.
