Summary by Moomoo AI
JPMorgan Chase Financial Company LLC, a wholly owned subsidiary of JPMorgan Chase & Co., has launched a new structured investment product called Buffered Digital Notes. These notes, priced at $500,000 in total, are linked to the performance of the least performing stock among Tesla, Inc., Alphabet Inc., and NVIDIA Corporation. The notes offer a fixed return of 18.60% at maturity on August 13, 2025, if the final value of the referenced stocks is not less than their initial value by more than 30%. The investment is designed for investors willing to risk losing up to 70% of their principal if the stocks perform poorly. The notes, which are unsecured and unsubordinated obligations, were priced on July 31, 2024, and are expected to settle on August 5, 2024. They are guaranteed by JPMorgan Chase & Co. and involve risks detailed in the accompanying prospectus supplement and product supplement. The notes are not bank deposits, are not FDIC insured, and involve credit risk from both the issuer and the guarantor.