JPMorgan Launches Apollo-Linked Notes with High Contingent Interest Potential
JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has unveiled a new financial product linked to the common stock of Apollo Global Management, Inc. (APO). The offering, set to launch on or about October 20, 2026, includes notes with contingent interest payments tied to the performance of APO stock.
The notes feature an automatic call provision if the closing price of APO stock meets or exceeds its initial value on any review date. If not called, investors may receive contingent interest payments of at least $38.86 per $1,000 principal amount, equivalent to a 16.50% annual rate, paid quarterly. These payments depend on APO's stock price meeting or exceeding a 75% threshold of its initial value.
The product's maturity date is October 3, 2029, with final review and payment dates scheduled for September 28, 2029. If the notes are not automatically called, investors face potential losses exceeding 25% of their principal if APO's stock price falls below the trigger value at maturity.
The notes are subject to market disruption events and may be accelerated under certain conditions, with adjustments possible due to corporate events affecting APO stock.