JPMorgan Launches Volatility-Linked Notes with Contingent Interest Rate

JPMorgan Chase & Co., through its subsidiary JPMorgan Chase Financial Company LLC, is issuing a new type of financial note tied to the performance of the MerQube US Large-Cap Vol Advantage Index (MQUSLVA).

The notes will have a contingent interest rate of 14.95% per annum, paid quarterly at a rate of 3.7375%, with potential for automatic call if the index reaches or exceeds its initial value.

On each review date, investors can expect to receive a contingent interest payment if the closing level of the index is greater than or equal to the interest barrier, which is set at 70% of the initial value. If the notes are not automatically called and the final value of the index is above the trigger value (60% of the initial value), investors will receive a cash payment.

The original issue date for these notes is on or about September 21, 2026, with maturity set for September 19, 2031. The notes can be automatically called if the closing level of the index reaches or exceeds its initial value, which was 4,089.67 on the pricing date.