JPMorgan Launches S&P 500 Notes with Maximum Return of 89.0514%

JPMorgan Chase & Co. has launched a new financial product that allows investors to bet on the performance of the S&P 500 Index.

The notes, issued by JPMorgan Chase Financial Company LLC, have a maximum return of 89.0514%, corresponding to a payment at maturity of $1,890.514 per $1,000 principal amount note.

The product has two upside leverage factors: 1.01 and 1.3422, as well as a downside leverage factor of 2.00.