Summary by Moomoo AI
JPMorgan Chase & Co. has announced the preliminary pricing supplement for its Auto Callable Contingent Interest Notes Linked to the VanEck Junior Gold Miners ETF, due February 24, 2027. The notes are designed for investors seeking contingent interest payments, which are subject to the performance of the VanEck Junior Gold Miners ETF. The notes will be automatically called if the ETF's share price on any review date, excluding the first through eleventh and final review dates, meets or exceeds the initial value. The earliest date for an automatic call is August 19, 2025. Investors should be willing to accept the risk of losing their principal and the possibility of no contingent interest payments on some or all review dates. The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co. The pricing supplement is subject to completion and may change before the pricing date on August 19, 2024, with settlement expected on or about August 22, 2024.