Stocks
JPMorgan Chase Issues Notes Linked to MerQube US Tech+ Vol Advantage Index
JPMorgan Chase & Co. has issued a new financial product linked to the performance of the MerQube US Tech+ Vol Advantage Index (Bloomberg ticker: MQUSTVA). The index is deducted by 6.0% per annum, and its performance is subject to notional financing costs.
The notes have an interest rate of 6.55% per annum, payable at a rate of 0.54583% per month. If the closing level of the Index on any Review Date (other than the final Review Date) is greater than or equal to the Call Value, the notes will be automatically called for a cash payment.
The Maturity Date is September 30, 2031. Payment at maturity will depend on the Final Value's relation to the Initial Value and the Buffer Amount of 15.00%.