JPMorgan Chase Issues Auto Callable Accelerated Barrier Notes Linked to Nasdaq-100 Technology Sector IndexSM and Russell 2000 Index
JPMorgan Chase & Co. is set to issue auto callable accelerated barrier notes linked to the lesser performing of two major stock market indices, the Nasdaq-100 Technology Sector IndexSM and the Russell 2000 Index.
The notes are designed for investors who seek an early exit prior to maturity at a premium if the closing levels of both indices on any review date (other than the final review date) are at or above their call value. The earliest date on which an automatic call may be initiated is September 29, 2027.
Investors should be aware that payments on the notes are not linked to a basket composed of the indices but rather to each index individually.
The notes have a minimum denomination of $1,000 and integral multiples thereof. The estimated value of the notes would be approximately $950.70 per $1,000 principal amount note if priced today.