Summary by Moomoo AI
JPMorgan Chase & Co. has issued $3,380,000 in Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, with a maturity date of August 17, 2029. The notes, fully guaranteed by JPMorgan Chase & Co., are designed for investors seeking contingent interest payments based on 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 through eleventh and final review dates, is equal to or greater than the initial value. The earliest date for an automatic call is August 14, 2025. Investors should be willing to accept the risk of losing some or all of their principal and the possibility of no 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.
