Summary by Moomoo AI
JPMorgan Chase & Co. has announced the preliminary pricing supplement for its Auto Callable Contingent Interest Notes Linked to the MerQube US Tech+ Vol Advantage Index, due August 12, 2027. The notes are designed for investors seeking contingent interest payments, which are subject to the performance of the MerQube US Tech+ Vol Advantage Index. The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co. and are expected to price on or about August 7, 2024, with settlement anticipated on or about August 12, 2024. The notes offer the potential for investors to receive contingent interest payments on each review date if the index closing level is above a specified barrier. However, investors should be willing to accept the risk of losing some or all of their principal and the possibility of no contingent interest payments on some or all review dates. The notes also include an automatic call feature, which may result in early termination of the investment.