JPMorgan Launches High-Risk Structured Notes Linked to S&P 500

JPMorgan Chase Financial Company LLC has launched a new structured investment product, the Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index. Priced on October 2, 2026, these notes are designed for investors seeking an uncapped return of 2.16 times any appreciation of the underlying index at maturity. The notes offer a 30% buffer against declines but come with the risk of losing up to 70% of the principal if the index performs poorly.

The notes are fully guaranteed by JPMorgan Chase & Co. and have a minimum denomination of $1,000. They are expected to settle on or about October 7, 2026, and will mature on October 7, 2031. The estimated value of the notes was $978.70 per $1,000 principal amount at the time of pricing. Investors should be aware that the notes are unsecured and unsubordinated obligations, subject to the credit risk of both the issuer and the guarantor.

The payment at maturity depends on the performance of the S&P 500® Futures Excess Return Index. If the index's final value is higher than its initial value, investors will receive their principal plus 2.16 times the index's return. If the index's final value is lower but within the 30% buffer, investors will receive their principal back. However, if the index declines by more than 30%, investors will lose part or all of their principal.

The notes are not bank deposits, are not insured by the Federal Deposit Insurance Corporation, and are not obligations of a bank. They are offered pursuant to an exemption from regulation under the Commodity Exchange Act, meaning investors do not receive protections provided by that act or its regulations.