JPMorgan Launches Structured Notes Linked to Tech Volatility Index

JPMorgan Chase Financial Company LLC has launched a new structured investment product tied to the MerQube US Tech+ Vol Advantage Index, with a total offering of $615,000. The notes, priced on October 2, 2026, are expected to settle around October 7, 2026, and will mature on October 7, 2032. The product is designed for investors seeking an early exit at a premium if the index meets or exceeds the Call Value on any of the scheduled review dates, with the earliest possible call date set for October 6, 2027.

The notes come with significant risks, including the potential loss of principal at maturity and the absence of interest or dividend payments. The MerQube US Tech+ Vol Advantage Index, which underlies the notes, is subject to a 6.0% per annum daily deduction and a notional financing cost, both of which could negatively impact the index's performance. The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co.

Investors must be willing to accept these risks and understand that the notes are not bank deposits, are not insured by the Federal Deposit Insurance Corporation, and are not obligations of a bank. The estimated value of the notes at the time of pricing was $936.00 per $1,000 principal amount. The minimum denomination for investment is $1,000, with fees and commissions set at $6.50 per note.

The notes include several key terms, such as the Call Premium Amount, which increases with each review date, starting at 36.25% of $1,000 and reaching up to 217.50% of $1,000 by the final review date. The Call Value is set at 105.00% of the Initial Value, and the Barrier Amount is 50.00% of the Initial Value. The review dates are scheduled annually from October 6, 2027, through October 4, 2032.