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424B2: Prospectus

SEC announcement ·  Aug 16 16:39
Summary by Moomoo AI
JPMorgan Chase & Co. has issued $500,000 Auto Callable Contingent Interest Notes linked to the Class A Common Stock of Snap Inc., due August 18, 2027. These notes, fully guaranteed by JPMorgan Chase & Co., are designed for investors seeking a Contingent Interest Payment with respect to each monthly Interest Review Date, provided the closing price of Snap Inc.'s stock is above 60% of the Strike Value, termed as the Interest Barrier. The notes will be automatically called if Snap Inc.'s stock price on any quarterly Autocall Review Date exceeds the Strike Value. The earliest date for an automatic call is February 13, 2025. Investors should be willing to accept the risk of losing their principal and the possibility of no Contingent Interest Payments for some...Show More
JPMorgan Chase & Co. has issued $500,000 Auto Callable Contingent Interest Notes linked to the Class A Common Stock of Snap Inc., due August 18, 2027. These notes, fully guaranteed by JPMorgan Chase & Co., are designed for investors seeking a Contingent Interest Payment with respect to each monthly Interest Review Date, provided the closing price of Snap Inc.'s stock is above 60% of the Strike Value, termed as the Interest Barrier. The notes will be automatically called if Snap Inc.'s stock price on any quarterly Autocall Review Date exceeds the Strike Value. The earliest date for an automatic call is February 13, 2025. Investors should be willing to accept the risk of losing their principal and the possibility of no Contingent Interest Payments for some or all Interest Review Dates. The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, referred to as JPMorgan Financial, with payment fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes priced on August 14, 2024, and are expected to settle on August 19, 2024. The Strike Value was determined by the closing price of Snap Inc.'s stock on August 13, 2024. Investing in the notes involves several risks, as detailed in the accompanying prospectus supplement, Annex A to the prospectus addendum, and the product supplement.
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