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 is offering Digital Buffered Notes linked to the S&P 500® Index that will mature on 29 July 2026. The preliminary terms (to be finalized on or about 11 July 2025) establish a Contingent Digital Return of at least 8.26%. Investors receive this fixed return if, at maturity, the Ending Index Level is (i) at or above the Initial Index Level or (ii) below the Initial Index Level by up to the 10% Buffer Amount.
If the Index falls by more than 10%, principal is lost on a leveraged basis: for every 1% decline beyond the buffer, the loss equals 1.11111% of principal. Consequently, a 50% Index drop would return only $555.56 per $1,000 note, and a complete Index collapse would wipe out the investment. Upside is capped at the Contingent Digital Return; any Index gain above 8.26% does not increase the payout.
The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial Co. and are fully and unconditionally guaranteed by JPMorgan Chase & Co. Credit risk, therefore, rests on both entities. Minimum investment is $10,000, with integral $1,000 multiples. JPMS will act as selling agent and calculation agent; total selling commissions will not exceed $10 per $1,000 note.
The issuer estimates the note’s value at approximately $985.80 (and not less than $970) per $1,000 at pricing—below the public offer price—because of embedded selling, structuring and hedging costs. The notes will not be listed on an exchange, and secondary liquidity will rely solely on JPMS, which is not obligated to make a market.
Key risks highlighted include potential principal loss, capped upside, issuer/guarantor credit exposure, valuation opacity, and limited liquidity. Tax treatment is expected to follow “open transaction” principles, but the IRS could challenge that view. Section 871(m) withholding is not expected to apply, subject to future guidance.
JPMorgan Chase Financial Company LLC is offering $1.466 million of unsecured, unsubordinated Callable Contingent Interest Notes due 7 July 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked individually to the Nasdaq-100 Technology Sector Index (NDXT) and the VanEck Gold Miners ETF (GDX); payouts depend on the performance of the lesser performing underlying.
- Contingent coupon: 12.55 % p.a. (1.04583 % monthly) paid only if on a Review Date both underlyings close ≥ 70 % of their initial values (the Interest Barrier).
- Down-side buffer: Final principal is protected unless either underlying closes < 60 % of its initial value (the Trigger Value) on the final Review Date; below that level repayment is reduced 1-for-1 with the weaker underlying.
- Issuer call: JPMorgan may redeem the notes in whole on any Interest Payment Date from 8 Oct 2025 onward, returning $1,000 plus the coupon then due.
- Key dates: Pricing 3 Jul 2025; settlement ≈ 9 Jul 2025; 36 monthly Review/Payment cycles; maturity 7 Jul 2028.
- Denomination: $1,000 and multiples thereof; CUSIP 48136ED69.
Offering economics show a price to public of $1,000, selling commissions of $9.50 (0.95 %) and net proceeds of $990.50. JPMorgan estimates the fair value at $963.10 (≈ 96.3 % of face), reflecting embedded structuring and hedging costs.
Principal risks include potential full loss of capital if either underlying falls below the 60 % trigger at maturity, non-payment of coupons whenever either index is < 70 % of its start level, early redemption at issuer’s discretion, secondary-market illiquidity (notes are unlisted), and exposure to JPMorgan credit risk. Sector concentration adds volatility: the technology index is sensitive to rapid innovation cycles and regulation, while the gold-miner ETF is driven by precious-metal prices and mining-industry factors.
The product is aimed at yield-seeking investors willing to accept equity-level risk, limited upside and issuer call uncertainty in exchange for a potentially high contingent coupon and a 40 % downside buffer.