JPMorgan Chase Financial Company LLC is offering $375,000 of structured notes linked to the MerQube US Large-Cap Vol Advantage Index, with a contingent rate of 18.10% per annum. Investors face conditional payments, automatic-call provisions, an estimated value below the issue price and the risk of losing principal.

Key Highlights

  • Automatic Redemption can begin on September 21, 2027 if the index reaches its initial value.
  • The $1,000 issue price compares with an estimated value of $920.20 per note when terms were set.
  • $375,000 note offering with a $1,000 public price per note
  • Monthly contingent payments of $15.0833 per $1,000 if the index closes at or above 70.00% of its initial value

JPMorgan Chase & Co. is a diversified-banks company. The securities are due September 24, 2032.

$375,000 Note Offering Sets Conditional Payments

Each note has a public price of $1,000. Selling commissions are $9 per note, leaving $991 per note for the issuer; across the offering, commissions total $3,375 and proceeds total $371,625. The notes can pay $15.0833 per $1,000 principal amount on an applicable interest payment date if the index closes at or above 70.00% of its initial value. The stated contingent rate is 18.10% per annum, paid monthly at 1.50833%. The index level incorporates a daily deduction equivalent to 6.0% per annum. The initial value is 3,083.752, while the trigger value is 2,202.68, equal to 50.00% of the initial value. The pricing date is September 21, 2026, with settlement expected on or about September 24, 2026.

Estimated Value Trails Issue Price

The securities are subject to automatic redemption when the index closes at or above its initial value on a quarterly review date. September 21, 2027 is the earliest date on which that call can begin. JPMorgan Chase says the notes’ estimated value was $920.20 per $1,000 when their terms were established, below the $1,000 public price.