JPMorgan Chase Files Preliminary Pricing Supplement for Auto Callable Contingent Interest Notes
JPMorgan Chase Financial Company LLC has filed a preliminary pricing supplement for its North America Structured Investments 3yrNC6m NDX/RTY/SPX Auto Callable Contingent Interest Notes.
The notes are set to mature on October 4, 2029, and will be automatically called if the closing value of each underlying is greater than or equal to its initial value on any quarterly review date. If not called, investors will receive a cash payment at maturity for each $1,000 principal amount note.
The contingent interest rate is at least 9.25% per annum, paid monthly, and the notes are subject to credit risks of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., as guarantor. The estimated value of the notes will be lower than the original issue price.
The notes have selected risks, including a potential loss of principal, no guarantee of interest payment, and exposure to the decline in value of each underlying. Investors are also exposed to the risk of decline in the value of the Nasdaq-100 Index, Russell 2000 Index, and S&P 500 Index.