JPMorgan Chase Launches Uncapped Accelerated Barrier Notes Linked to S&P 500 and QQQ

JPMorgan Chase & Co. has launched a new financial product, Uncapped Accelerated Barrier Notes Linked to the Lesser Performing of the State Street SPDR S&P 500 ETF Trust and the Invesco QQQ TrustSM, Series 1.

The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co., which is also the guarantor. The issuer is JPMorgan Chase Financial Company LLC, a direct, wholly-owned finance subsidiary of JPMorgan Chase & Co.

The product aims to provide an uncapped return of 1.40 times any appreciation of the lesser performing fund at maturity. However, investors should be aware that they may lose a significant portion or all of their principal amount at maturity if the final value of either fund is less than its barrier amount, which is set at 70% of each fund's initial value.

The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC. Payments on the notes are linked to the performance of each individual fund, not a basket composed of both funds.