Summary by Moomoo AI
JPMorgan Chase & Co. (JPMorgan) has issued $1,382,000 in Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, due August 17, 2029. These notes, fully guaranteed by JPMorgan Chase & Co., are designed for investors seeking contingent interest payments relative to the performance of the index, with an interest barrier set at 60% of the initial value. The notes will be automatically called if the index's closing level on any review date, excluding the first and final dates, is equal to or exceeds the initial value. The earliest an automatic call can be initiated is February 14, 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 were priced on August 14, 2024, and are expected to settle on or about August 19, 2024. The notes are unsecured and unsubordinated obligations of JPMorgan Financial Company LLC, referred to as JPMorgan Financial, with payment fully and unconditionally guaranteed by JPMorgan Chase & Co.