JPMorgan Chase Introduces Notes Linked to MerQube US Large-Cap Vol Advantage Index

JPMorgan Chase & Co. has issued a new financial product called notes linked to the MerQube US Large-Cap Vol Advantage Index (MQUSLVA). These notes will pay out a contingent interest rate of 14.50% per annum, payable at a rate of 3.625% per quarter.

If the closing level of the index on any review date is greater than or equal to the interest barrier (60% of the initial value), investors will receive a contingent interest payment of $36.25 for each $1,000 principal amount note.

The notes have an original issue date of October 5, 2026, and a maturity date of October 3, 2031. They can be automatically called if the closing level of the index on any review date is greater than or equal to the initial value (4,213.65).

If the notes are not automatically called and the final value is less than the trigger value (2,528.19), investors will lose more than 40% of their principal amount at maturity.