Summary by Moomoo AI
On November 22, 2024, JPMorgan Chase Financial Company LLC announced the issuance of notes linked to the S&P 500 Futures Excess Return Index, maturing on December 1, 2027. These notes are designed for investors seeking exposure to the index's appreciation, with a minimum denomination of $1,000. The notes are unsecured and guaranteed by JPMorgan Chase & Co., with pricing expected around November 26, 2024, and settlement on December 2, 2024.Investors will receive the principal amount at maturity, plus any additional amount based on index performance, subject to credit risks. The estimated value of the notes is approximately $963.10 per $1,000, with a minimum of $940.00. The notes do not pay interest and are not insured by the FDIC.Potential risks include credit risks of JPMorgan entities, lack of liquidity, and potential conflicts of interest. The notes are not listed on any exchange, and secondary market prices may be lower than the original issue price.
