JPMorgan Chase issues 5-year auto-callable notes linked to volatility-managed S&P 500 index

Filed July 30, 2026 · ~2 min read

Key Changes

• high

  Notes pay at least 10.90% annual contingent interest (2.725% quarterly) only if the index stays at or above 60% of its initial value on quarterly review dates; unpaid interest accumulates if the barrier is not met.

  Summary of Terms verify on EDGAR →
• high

  Starting after 9 months, notes will be called early if the index reaches its initial level, capping upside at accrued contingent interest with no participation in index gains beyond that.

  Summary of Terms verify on EDGAR →
• high

  If the index finishes below 60% of its initial value at maturity, investors face 1-to-1 downside exposure to the index's full decline from the initial level (a 60% index decline results in a 60% principal loss).

  Summary of Terms verify on EDGAR →