Summary by Moomoo AI
JPMorgan Chase Financial Company LLC, referred to as JPMorgan Financial, has announced the pricing of $500,000 Callable Range Accrual Notes linked to the Secured Overnight Financing Rate (SOFR), maturing on August 16, 2039. These notes are unsecured and unsubordinated obligations guaranteed by JPMorgan Chase & Co. The notes, designed for investors who anticipate that SOFR will remain at or below 6.00% on each Accrual Determination Date, offer periodic interest payments with an initial interest rate of 7.00% per annum. The interest rate may drop to zero if SOFR exceeds 6.00% for an entire Interest Period after the Initial Interest Periods. The notes were priced on August 14, 2024, with an expected settlement date of August 16, 2024. They may be purchased in minimum denominations of $1,000 and in multiples thereof. JPMorgan Financial...Show More
