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

JPMorgan Chase & Co. has issued a new financial product linked to the MerQube US Large-Cap Vol Advantage Index (Bloomberg ticker: MQUSLVA).

The notes, issued by JPMorgan Chase Financial Company LLC, will pay out a Contingent Interest Payment of $28.375 per quarter, equivalent to an annual rate of 11.35%, if the closing level of the index on any Review Date is greater than or equal to the Interest Barrier.

The notes can be automatically called for a cash payment if the closing level of the index on any Review Date (other than the first, second, third and final Review Dates) is greater than or equal to the Initial Value of 4,386.43.

If the notes are not automatically called and the Final Value is greater than or equal to the Trigger Value of 2,193.215, holders will receive a cash payment at maturity equal to $1,000 plus the Contingent Interest Payment applicable to the final Review Date.