JPMorgan Chase Financial Company LLC Launches Inverse VIX® Short-Term Futures ETNs (NYSE Arca: VYLD)
The ETNs seek to provide exposure to the daily returns of the S&P 500® VIX® Short-Term Futures Points-Change Inverse Daily Index TR (the “Index”), subject to the daily investor fee deduction at a rate of
The Index is designed such that its level on a given day will increase or decrease by
The Index has been developed by S&P Dow Jones Indices LLC, as index sponsor, and is maintained and calculated by S&P Dow Jones Indices LLC, as index calculation agent. The Index is reported on a real-time basis under Bloomberg ticker symbol “SPVXSTIT.”
Selected Risk Considerations
The ETNs may not be suitable for all investors and should be purchased only by investors with sophistication and knowledge necessary to understand the risks and potential consequences of investing in the ETNs, including the risks inherent in the Index, the underlying VIX® futures contracts and short investments in volatility as an asset class generally. Investors should actively manage and monitor their investments in the ETNs.
The ETNs are subject to the credit risk of JPMorgan Financial, as issuer of the ETNs, and the credit risk of JPMorgan Chase, as guarantor of the ETNs. Investing in the ETNs is not equivalent to taking a long position directly in the Index or taking a short position directly in the VIX® futures contracts underlying the Index or the Cboe Volatility Index®. The ETNs do not provide direct short exposure to the Cboe Volatility Index®. The Investors in the ETNs do not have any ownership interests or rights with respect to the assets included in the Index, the VIX® futures contracts underlying the Index, the Cboe Volatility Index® or the S&P 500® Index.
An investment in the ETNs involves other significant risks. For further information regarding risks, please see the section entitled “Risk Factors” in the applicable pricing supplement.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in
Investment suitability must be determined individually for each investor, and the ETNs may not be suitable for all investors. This information is not intended to provide and should not be relied upon as providing accounting, legal, regulatory or tax advice.
Investors should consult with their own advisors as to these matters.
JPMorgan Chase & Co. and JPMorgan Chase Financial Company LLC have filed a registration statement (including a prospectus) with the SEC for any offerings to which these materials relate. Before you invest, you should read the prospectus in that registration statement and the other documents relating to any offerings to which these materials relate that JPMorgan Chase & Co. and JPMorgan Chase Financial Company LLC have filed with the SEC for more complete information about JPMorgan Chase & Co., JPMorgan Chase Financial Company LLC and any offering to which these materials relate. You may get these documents without cost by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, JPMorgan Chase & Co., JPMorgan Chase Financial Company LLC or any agent or any dealer participating in the any offerings to which these materials relate will arrange to send you the prospectus and each prospectus supplement as well as any underlying supplement and preliminary pricing supplement if you so request by calling toll-free 1-800-576-3529.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250320676411/en/
Questions? Contact: J.P. Morgan Structured Investments Team at 1-800-576-3529 or at jpm.structured.investments.team@jpmchase.com
Source: JPMorgan Chase & Co.