JPMorgan plans to launch structured notes linked to IBIT

JPMorgan Chase plans to launch derivative-style structured notes linked to the performance of BlackRock's Bitcoin ETF (IBIT), The Block reported. According to a prospectus filed with the U.S. Securities and Exchange Commission (SEC), the notes feature two main scenarios with different payout structures: an auto-call option after one year and a maturity date in 2028. Under the one-year auto-call scenario, investors are guaranteed a minimum fixed return of 16% if IBIT is above a specified price, regardless of market conditions. The notes also provide principal protection for a decline of up to 30% in IBIT's value. However, returns are capped, and investors will incur losses if the ETF falls by more than 30%.