Summary by Moomoo AI
On November 20, 2024, JPMorgan Chase Financial Company LLC announced the issuance of $592,000 Auto Callable Contingent Interest Notes. These notes are linked to the SPDR® S&P® Regional Banking ETF, Technology Select Sector SPDR® Fund, and Utilities Select Sector SPDR® Fund, maturing on October 23, 2026.The notes offer a Contingent Interest Payment if the closing price of each Fund is at least 70% of its Initial Value. They will be automatically called if the price of each Fund on any Review Date (except the first, second, and final) is at least its Initial Value. The Contingent Interest Rate is 9.53% per annum, payable monthly.Investors face risks, including potential loss of principal and no guaranteed interest payments. The notes are unsecured, with payments subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
