JPMorgan Chase issues 5-year auto-callable notes with 12.75% contingent interest, 15% buffer

Filed July 7, 2026 · ~2 min read

Key Changes

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  Notes pay at least 12.75% annual interest monthly only if the underlying index stays at or above 70% of its initial value; interest is contingent, not guaranteed, and may never be paid.

  Summary of Terms verify on EDGAR →
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  After approximately $1,000 one year, JPMorgan can automatically call the notes early if the index reaches its starting level, forcing an exit and capping total returns to interest received.

  Summary of Terms verify on EDGAR →
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  Principal is at risk: if the index falls below 85% of its initial value at maturity and the notes have not been called, investors lose principal one-to-one beyond the 15% buffer (a 30% index decline means ~15% principal loss).

  Summary of Terms verify on EDGAR →