JPMorgan Chase Launches Bank of America-Linked Notes with Contingent Interest

JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has outlined the terms of a new financial product linked to the common stock of Bank of America Corporation (BAC). The notes offer a contingent interest payment structure tied to the performance of BAC’s stock.

The contingent interest payments are contingent on the closing price of one share of BAC stock on any Review Date being greater than or equal to the Interest Barrier, set at 75.00% of the Initial Value. If this condition is met, investors will receive at least $25.00 per $1,000 principal amount note, equivalent to a Contingent Interest Rate of at least 10.00% per annum, payable quarterly at a rate of at least 2.50%. However, if the stock price falls below the Interest Barrier, no contingent interest payment will be made.

The notes are subject to automatic call provisions if the closing price of BAC stock on any Review Date (other than the final one) is greater than or equal to the Initial Value. In such cases, investors will receive $1,000 plus the applicable Contingent Interest Payment. The maturity date for the notes is October 3, 2029, with the final Review Date set for September 28, 2029.

Investors should be aware that if the notes are not automatically called and the Final Value of BAC stock is less than the Trigger Value, they could lose more than 25.00% of their principal amount at maturity, potentially even all of it. The Initial Value is determined by the closing price of BAC stock on the Pricing Date, expected to be on or about October 15, 2026, with the Original Issue Date set for October 20, 2026.