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

JPMorgan Chase & Co has introduced a new financial instrument, offering investors an opportunity to earn returns linked to the performance of the MerQube US Large-Cap Vol Advantage Index (MQUSLVA). The notes, issued by JPMorgan Chase Financial Company LLC, will track the index's daily returns, with a deduction of 6.0% per annum.

Investors can earn a Contingent Interest Payment equal to $36.25 for each $1,000 principal amount note, equivalent to a Contingent Interest Rate of 14.50% per annum. This payment will be made on the applicable Interest Payment Date 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 and final Review Dates) is greater than or equal to the Initial Value. The Maturity Date is set for September 5, 2031, with the Original Issue Date scheduled for September 3, 2026.