JPMorgan Launches New Index-Linked Notes with Contingent Interest

JPMorgan Chase Financial Company LLC, a subsidiary of JPMorgan Chase & Co., has announced a new financial product tied to the MerQube US Tech+ Vol Advantage Index (Bloomberg ticker: MQUSTVA). The notes will issue on or about October 22, 2026, with a maturity date set for October 23, 2031. The product features contingent interest payments, which are contingent on the performance of the underlying index relative to an interest barrier set at 60.00% of the initial value.

Investors will receive a contingent interest payment of at least $31.00 per $1,000 principal amount note, equivalent to a contingent interest rate of at least 12.40% per annum, payable quarterly at a rate of at least 3.10%. However, if the index falls below the interest barrier on any review date, no interest payment will be made for that period.

The notes also include an automatic call feature. If the index level on any review date (excluding the first and final dates) meets or exceeds the initial value, the notes will be automatically called, and investors will receive their principal plus any applicable contingent interest payment. If the notes are not called and the final value of the index is below the trigger value, investors could lose more than 40.00% of their principal at maturity, potentially losing all of it.

Review dates and interest payment dates are scheduled quarterly from January 19, 2027, through October 20, 2031, with corresponding payment dates following shortly after. The product is subject to postponement in the event of market disruption events as outlined in the accompanying supplements.