Summary by Moomoo AI
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced the issuance of 18-month NDX Buffered Participation Securities tied to the Nasdaq-100 Index. The securities, which do not pay interest, offer investors the potential for an upside payment if the final index value is greater than the initial index value, with a maximum payment at maturity of at least $1,165.50 per security. However, if the index decreases by more than the buffer amount of 12.00%, investors could lose a significant portion of their principal, up to 88.00%. The securities are subject to the credit risk of both JPMorgan Financial as the issuer and JPMorgan Chase & Co. as the guarantor. The pricing date is expected to be on August 23, 2024, with the...Show More