JPMorgan Chase is backing $2,481,000 in structured notes priced at $1,000 each, with $2,371,836 going to the issuer after commissions. The notes target investors seeking early exit premiums, but offer no interest or dividends and expose holders to losses of up to 85.00% of principal at maturity.

Key Highlights

  • The linked index reflects a 6.0% annual deduction that accrues daily, while the QQQ Fund carries a notional financing cost.
  • J.P. Morgan Securities LLC is acting as agent and receives $44.00 per $1,000 principal amount note in selling commissions.
  • JPMorgan Chase Financial Company LLC is the issuer, with JPMorgan Chase & Co. providing a full and unconditional guarantee.
  • The notes have a $1,000 public price, mature on September 25, 2031, and do not provide interest or Dividend payments.

JPMorgan Chase Financial Company LLC is the issuer, while JPMorgan Chase & Co. provides a full and unconditional guarantee. The notes are due September 25, 2031. The issuer will receive $2,371,836 from the transaction after $109,164 in commissions. J.P. Morgan Securities LLC is acting as agent, and the notes are expected to settle on or about September 24, 2026.

$2.48M Structured Note Offering

The notes are designed for investors seeking an early exit before Maturity at a premium if the index reaches the required level on a review date. The first possible automatic call date is September 24, 2027. The product does not provide interest or dividend payments. Its level includes a 6.0% deduction accruing daily, while the Invesco QQQ Trust, Series 1 is subject to a daily notional financing cost.

$1,000 Pricing And Commissions

Each note has a public price of $1,000. The agent receives a $44.00 selling commission per $1,000 principal amount note, with those commissions paid onward to affiliated or unaffiliated dealers. The estimated value when the terms were established was $906.30 per $1,000. The stated original issue price includes selling commissions, projected profits or losses linked to hedging activities, estimated hedging costs and possible fees for third-party Data Analytics or electronic platform services. The issuer’s net proceeds are $2,371,836. J.P. Morgan Securities LLC is responsible for distributing the selling commissions it receives to other dealers.

Review Dates Set Through 2030

The call premium for the first review date is 20.60% multiplied by $1,000. It rises to 25.75% multiplied by $1,000 on the second review date and reaches 82.40% multiplied by $1,000 on the thirteenth. The review schedule begins on September 24, 2027, followed by dates in December 2027, March 2028, June 2028 and September 2028. Further reviews are set for December 2028, March 2029, June 2029, September 2029, December 2029, March 2030 and June 2030. The notes are structured around early Redemption at a premium if the index meets the specified review-date condition. The product’s market exposure is tied to the MerQube index and its stated deductions.