JPMorgan Chase Issues Capped Dual Directional Buffered Return Enhanced Notes

JPMorgan Chase & Co. has issued Capped Dual Directional Buffered Return Enhanced Notes linked to the Lesser Performing of the Dow Jones Industrial Average and the S&P 500 Index. These notes are designed for investors seeking a capped return of 1.25 times any appreciation or a capped, unleveraged return equal to the absolute value of any depreciation.

The notes have a maximum upside return of 22% and an effective cap of 20% on returns if the Lesser Performing Index Return is negative. The payment at maturity will be calculated based on the Final Value of each index, with a buffer amount of 20%. If either index is less than its initial value by more than the buffer amount, investors will lose some or most of their principal amount.

The notes have been priced at $1,681,000 and are expected to settle on October 5, 2026. The estimated value of the notes was $980.20 per $1,000 principal amount note when the terms were set.