JPMorgan Introduces Structured Notes Linked to Tech Volatility Index
JPMorgan Chase & Co. has introduced a new structured investment product linked to the MerQube US Tech+ Vol Advantage Index. The notes, set to price on or about October 8, 2026, and settle on October 14, 2026, are designed for investors seeking early exits prior to maturity at a premium. The earliest possible automatic call date is October 12, 2027. Investors should be prepared to forgo interest and dividend payments and accept the risk of losing up to 60% of their principal at maturity.
The MerQube US Tech+ Vol Advantage Index is subject to a 6% per annum daily deduction, and the performance of the Invesco QQQ Trust (QQQ Fund) is subject to a notional financing cost. These deductions will offset any appreciation of the index components and heighten depreciation, acting as a drag on overall performance. The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co.
The minimum denomination for the notes is $1,000, with an estimated value of approximately $947 per note if priced today. The estimated value will not be less than $900 per $1,000 principal amount note. The notes are not bank deposits, not insured by the Federal Deposit Insurance Corporation, and are not obligations of or guaranteed by a bank.
The Call Premium Amount increases with each Review Date, starting at 18.100% of $1,000 for the first Review Date and reaching up to 63.350% for the eleventh Review Date. The notes carry significant risks, as detailed in the accompanying prospectus and pricing supplement.