JPMorgan Launches Auto Callable Contingent Interest Notes Linked to Healthcare and Financial ETFs
JPMorgan Chase Financial Company LLC has introduced a new financial product called Auto Callable Contingent Interest Notes Linked to the Least Performing of the State Street Health Care Select Sector SPDR ETF, the State Street Financial Select Sector SPDR ETF, and the iShares Silver Trust. The notes will be priced on July 29, 2026, and are expected to settle on or about August 3, 2026.
The notes have a minimum denomination of $1,000 and integral multiples thereof. They offer a Contingent Interest Payment of $11.00 (equivalent to a Contingent Interest Rate of 13.20% per annum) if the closing price of one share of each Fund on any Review Date is greater than or equal to its Interest Barrier.
The notes will be automatically called if the closing price of one share of each Fund on any Review Date (other than the first through fifth and final Review Dates) is greater than or equal to its Initial Value. The earliest date on which an automatic call may be initiated is January 29, 2027.
Investors should be aware that they will lose a significant portion or all of their principal if the closing price of one share of each Fund on any Review Date is less than its Interest Barrier. They should also be willing to forgo fixed interest and dividend payments in exchange for the opportunity to receive Contingent Interest Payments.