JPMorgan Launches Uncapped Notes Linked to Major Indices
JPMorgan Chase & Co. has launched a new structured investment product, the Uncapped Dual Directional Digital Barrier Notes, linked to the performance of the S&P 500® Index, the EURO STOXX 50® Index, and the Russell 2000® Index. The notes, priced on October 2, 2026, and set to mature on October 7, 2031, offer investors uncapped exposure to the least performing of the three indices, subject to a contingent minimum return of 68.50%. The product is designed to provide uncapped, unleveraged exposure to any appreciation of the least performing index, with a capped return equal to the absolute value of any depreciation, up to 30.00%, if the final value of each index is at least 70.00% of its initial value.
The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co. Investors should be prepared to forgo interest and dividend payments and accept the risk of losing some or all of their principal at maturity. The minimum denomination for investment is $1,000, with a total offering amounting to $1,357,000. The estimated value of the notes at the time of pricing was $928.30 per $1,000 principal amount.
The payment at maturity depends on the performance of the least performing index. If the final value of each index is greater than or equal to its initial value, investors will receive $1,000 plus the greater of the contingent digital return (68.50%) or the least performing index return. If the final value of any index is less than its initial value but above the barrier amount (70.00% of the initial value), the payment will be based on the absolute index return of the least performing index, capped at 30.00%. If any index falls below the barrier amount, investors may lose more than 30.00% of their principal or even all of it.