JPMorgan Introduces Stock-Tracking Notes with Complex Pricing Structure

JPMorgan Chase & Co. has announced plans to issue a new type of note that will track the performance of JPMorgan's own stock.

The notes, which are being offered by JPMorgan Financial, will have an original issue price equal to the estimated value of the notes plus selling commissions and structuring fees.

A portion of the costs included in the original issue price of the notes will be partially paid back to investors if their notes are repurchased by JPMS within a predetermined period.