JPMorgan Chase offers 5-year structured notes with 3x leveraged S&P 500 exposure, 40% buffer, at $1,000 (est. value $850)

Filed July 30, 2026 · ~2 min read

Key Changes

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  JPMorgan Chase Financial Company LLC is offering structured notes maturing September 17, 2031, providing at least 3x leveraged upside on a volatility-managed S&P 500 futures index with a 40% downside buffer (investors protected from first 40% of losses, then lose 1-for-1 below that).

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  Notes priced at $1,000 per note with estimated value of at least $850, meaning investors pay a minimum 15% premium over fair value at issuance to cover issuer profit, distribution costs, and hedging expenses.

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  The underlying index charges a 6.0% annual fee that accrues daily, creating constant performance drag regardless of market conditions. The index uses volatility-targeting with futures exposure ranging from 0% to 500%.

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