Welcome to our dedicated page for Inverse VIX Short-Term Futures ETNs due March 22, 2045 SEC filings (Ticker: VYLD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings page for Inverse VIX Short-Term Futures ETNs due March 22, 2045 (VYLD) brings together U.S. regulatory documents in which this security is formally identified. In multiple Form 8-K current reports filed by JPMorgan Chase & Co., VYLD appears in the table of securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934.
In those filings, the Title of each class is given as the Guarantee of Inverse VIX Short-Term Futures ETNs due March 22, 2045 of JPMorgan Chase Financial Company LLC, the Trading Symbol is listed as VYLD, and the Name of each exchange on which registered is NYSE Arca, Inc. The same tables also list JPMorgan Chase & Co. common stock, depositary shares representing interests in various preferred stock series, and other guaranteed notes and ETNs.
Through this page, users can access the underlying Form 8-K reports and related exhibits where VYLD is mentioned. These filings may cover topics such as earnings releases, changes to by-laws, or the closing of public offerings of other notes and subordinated debt, with VYLD included in the standardized disclosure of registered securities.
Stock Titan enhances these filings with AI-powered summaries that explain the main points of each document in plain language, while still preserving access to the full official text from EDGAR. Users can quickly see where VYLD appears in the filing, understand the context of the report, and navigate to other securities listed in the same disclosure table.
For deeper analysis, investors can review successive filings over time to confirm that VYLD remains listed as a registered security and to see how it is grouped with other instruments issued or guaranteed by JPMorgan Chase & Co. and JPMorgan Chase Financial Company LLC.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Callable Contingent Interest Notes linked individually (not as a basket) to the Russell 2000® Index (RTY), the S&P 500® Index (SPX) and the VanEck® Gold Miners ETF (GDX). The $1,000-denominated notes are expected to price on or about 15 Jul 2025, settle on 18 Jul 2025, and mature on 21 Jan 2027 unless called earlier.
Income mechanics
- A monthly Contingent Interest Rate of at least 9.65% p.a. (≈ 0.80417% per month) is paid only if, on the relevant Review Date, each underlying closes at or above 70% of its Initial Value (the “Interest Barrier”).
- Miss one underlying on any Review Date and that month’s coupon is skipped.
Principal repayment
- If the notes are not called and the Final Value of every underlying is ≥ 65% of its Initial Value (the “Trigger Value”), investors receive full principal plus any final coupon.
- If any underlying ends below its Trigger Value, repayment equals: $1,000 + ($1,000 × Least-Performing Underlying Return). Principal loss therefore begins beyond a 35% decline in the worst performer and can reach 100%.
Issuer call feature
- JPMorgan may redeem the notes in whole on any Interest Payment Date from 21 Jan 2026 onward (except the final date) at par plus the coupon, truncating future income potential.
Key quantitative terms
- Interest Barrier: 70% of Initial Value for each underlying
- Trigger Value: 65% of Initial Value for each underlying
- Initial estimated value: $955.10 per $1,000 note (ultimate floor to be ≥ $920), highlighting approximately 4.5% in embedded fees/hedging costs versus issue price.
- CUSIP: 48136FA28; minimum denomination $1,000
Risk highlights
- No principal protection; full downside below the 65% trigger on the worst performer.
- Coupons are contingent; investors may receive little or no interest if any underlying stays below its barrier.
- Early call risk caps upside and reinvestment uncertainty.
- Exposure to JPMorgan credit; notes are unsecured and unsubordinated obligations.
- Performance drivers include small-cap volatility (RTY), large-cap U.S. equities (SPX) and gold/silver mining equities (GDX), each with distinct risk profiles such as commodity-price sensitivity and currency movements.