JPMorgan Issues New Financial Products Linked to Tesla and Coinbase Stocks

JPMorgan Chase & Co. has issued a new financial product called Auto Callable Dual Directional Accelerated Barrier Notes, which are linked to the common stock of Tesla, Inc. and Coinbase Global, Inc.

The notes will be automatically called for a cash payment if the closing price of one share of each reference stock on the review date is greater than or equal to its call value.

If the notes are not automatically called, investors can benefit from an uncapped return of 3.00 times any appreciation of the lesser performing reference stock at maturity, or a capped, unleveraged return equal to the absolute value of any depreciation of the lesser performing reference stock at maturity (up to 40.00%) if the final value of each reference stock is greater than or equal to 60.00% of its initial value.

The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, which are fully and unconditionally guaranteed by JPMorgan Chase & Co.