JPMorgan Issues Notes Linked to MerQube US Tech+ Vol Advantage Index
JPMorgan Chase & Co. has issued a new type of financial instrument tied to the performance of The MerQube US Tech+ Vol Advantage Index (MQUSTVA).
The notes, which have an original issue date of August 31, 2026, come with a Contingent Interest Rate of 10.50% per annum, payable at a rate of 2.625% per quarter.
If the closing level of the Index on any Review Date is greater than or equal to the Interest Barrier (50.00% of the Initial Value), investors will receive a Contingent Interest Payment of $26.25 for each $1,000 principal amount note.
The notes will be automatically called if the closing level of the Index on any Review Date (other than the first, second, third and final Review Dates) is greater than or equal to the Initial Value of 6,775.525.