New York, January 26, 2024–(BUSINESS WIRE)–JPMorgan Chase Financial Company LLC (“JPMCFC”) announced that today is the first day of trading for the Alerian MLP Index on the NYSE Arca.® ETN expiring in 2044 under the ticker symbol “AMJB” (the “ETN”). All ETN payments are fully and unconditionally guaranteed by JPMorgan Chase & Co.
The ETN is designed to track the performance of the Alerian MLP Index.® (“index”). The ETN pays a quarterly variable coupon tied to cash distributions paid to companies included in the index, less a quarterly investor fee accruing daily at an annual rate of 0.85%. The ETNs will be redeemable to maturity on any trading date after July 26, 2024, at JPMCFC's sole discretion.
The index is a composite of energy-oriented master limited partnerships (“MLPs”) that derive the majority of their cash flows from eligible activities involving energy commodities, using a capped, float-adjusted, market-capitalization weighted methodology. measure performance. An MLP is a limited liability partnership primarily engaged in the exploration, marketing, mining, processing, production, refining, storage, and transportation of minerals or natural resources.
The Index is developed by VettaFi LLC as the Index Sponsor and is maintained and calculated by VettaFi LLC as the Index Calculation Agent. The index is reported in real time under the Bloomberg ticker AMZ.
ETNs are not suitable for all investors and should only be purchased by knowledgeable investors who understand the potential consequences of investing in ETNs. ETNs are subject to the credit risk of his JPMorgan Chase Financial Company LLC, the issuer of the notes, and the credit risk of JPMorgan Chase & Co., the guarantor of the notes. At maturity or early redemption, or upon repurchase or sale, you may receive less, and in some cases significantly less, than the principal amount invested in your ETNs. ETN coupon payments are variable and can be zero. There is no actual portfolio of assets in which ETN investors have ownership or other interests. ETN investors have no voting, distribution or other rights with respect to the assets included in the Tracking Index. Investing in ETNs involves significant risks. For further information regarding risks, please refer to the section titled “Selected Risk Considerations” in the applicable Pricing Supplement.
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services company headquartered in the United States (“US”) with operations around the world. JPMorgan Chase has assets of $3.9 trillion as of December 31, 2023, and shareholders' equity of $328 billion. The Company is a leader in investment banking, consumer and small business financial services, commercial banking, financial transaction processing and asset management. Under the JPMorgan and Chase brands, we serve millions of customers in the United States and many prominent corporate, institutional and government customers around the world. Information about JPMorgan Chase & Company can be found at www.jpmorganchase.com.
The suitability of an investment must be determined individually for each investor, and ETNs may not be suitable for all investors. This information is not intended to provide, and should not be relied upon as, accounting, legal, regulatory, or tax advice.
Investors should consult their own advisors regarding these matters.
JPMorgan Chase & Co. and JPMorgan Chase Financial Company LLC have filed registration statements (including a prospectus) with the SEC for any offering to which these materials relate. Before investing, please read the registration statement, prospectus, and any other materials related to the offering filed by JPMorgan Chase & Co. and JPMorgan Chase Financial Company LLC with the SEC. You should read the document to get more complete information about JPMorgan Chase. & Co., JPMorgan Chase Financial Company LLC, and any offerings related to these materials. These documents are available free of charge by visiting EDGAR on the SEC website (www.sec.gov). or JPMorgan Chase & Co., JPMorgan Chase Financial Company LLC, or any agent or dealer participating in any offering related to these materials, may provide the prospectus and each prospectus supplement, and the Products. We will arrange for the supplement, underlying supplement, and prospectus to be sent to you. If you wish, please call us toll-free at 1-800-576-3529.
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contact address
Contact: JPMorgan Alerian ETN Team (1-800-576-3529 or alerian_etn@jpmorgan.com)
