Summary by Moomoo AI
JPMorgan Chase Financial Company LLC, with JPMorgan Chase & Co. as the guarantor, has announced the offering of notes linked to the Russell 2000 Index, SPDR S&P Bank ETF, and Financial Select Sector SPDR Fund. The notes have a minimum denomination of $1,000 and feature a contingent interest rate of at least 10.75% per annum, payable quarterly if applicable. The pricing date is set for August 5, 2024, with a maturity date of August 9, 2029. The notes include an early redemption option by the issuer on certain interest payment dates and a payment at maturity that is contingent on the performance of the least performing underlying. The estimated value of the notes at the time of setting their terms will be no less than $950.00 per $1,000 principal...Show More