Summary by Moomoo AI
JPMorgan Chase & Co. has announced the offering of Callable Zero Coupon Notes due August 8, 2039, with an Accretion Rate of 7.875% per annum. These notes, which do not provide periodic interest payments, are designed for investors seeking a payment upon early redemption or at maturity that reflects the Accretion Rate. The notes are unsecured and unsubordinated obligations of JPMorgan, subject to its credit risk. The notes can be redeemed at JPMorgan's option on specified redemption dates, with the first possible redemption date being August 8, 2026. The notes will be issued at $1,000 per note and may be purchased in minimum denominations of $1,000. The pricing supplement is dated August 5, 2024, and the notes are set to be issued on August 8, 2024. This offering is part of JPMorgan's Series E medium-term notes, and the notes are not bank deposits, nor are they insured by any governmental agency.