JPMorgan Prices $295K EFA‑Linked Buffered Notes
JPMorgan Chase Financial Company LLC priced $295,000 of Uncapped Buffered Return Enhanced Notes linked to the iShares MSCI EAFE ETF due June 14, 2029.
Rhea-AI Filing Summary
JPMorgan Chase Financial Company LLC priced $295,000 of Uncapped Buffered Return Enhanced Notes linked to the iShares MSCI EAFE ETF due June 14, 2029. The notes pay 1.12× any Fund appreciation at maturity, protect the first 10.00% of Fund declines, and expose holders to up to a 90.00% principal loss if the Fund falls beyond that buffer.
The notes were priced on June 10, 2026, have a Strike Value of $102.90 (closing price on June 9, 2026), minimum denominations of $1,000, estimated value of $979.90 per $1,000 note and selling commissions of $8.50 per note. Payments are unsecured obligations of JPMorgan Chase Financial and fully guaranteed by JPMorgan Chase & Co.; all payments remain subject to the issuers' credit risk.
Positive
- None.
Negative
- None.
Insights
Uncapped upside with a modest buffer but significant issuer credit exposure.
The notes offer leveraged positive exposure to the iShares MSCI EAFE ETF via an Upside Leverage Factor of 1.12 and a 10.00% downside buffer, illustrated by the Strike Value of $102.90. The payout formula pays $1,000 + ($1,000 × Fund Return × 1.12) for positive returns and returns principal for declines up to 10.00%.
Secondary-market liquidity and pricing are limited: the estimated value at pricing was $979.90 per $1,000 note (original issue price includes commissions and hedging costs). Subsequent secondary prices may be lower and depend on internal funding rates and credit spreads.
Credit risk of issuer and guarantor is the primary non-market risk for holders.
Although payments are guaranteed by JPMorgan Chase & Co., the notes remain unsecured and subject to the creditworthiness of both JPMorgan Chase Financial and JPMorgan Chase & Co. The pricing supplement highlights that a default could result in loss of principal and interest.
Investors should note the issuer's structure as a finance subsidiary with limited independent assets and that acceleration events could trigger early payments calculated at the agent's discretion.
Key Figures
Key Terms
Upside Leverage Factor financial
Buffer Amount financial
Estimated Value financial
Section 871(m) regulatory
Offering Details
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are the headline terms of JPM's EFA‑linked notes (JPM)?
How is the maturity payment calculated for the JPMorgan notes?
What was the Strike Value and pricing reference for these notes?
What are the purchase costs and estimated value per note for JPM's offering?
What are the key risks called out for holders of the notes (JPM)?
AI-generated analysis. How Rhea-AI works. Not financial advice.