JPMorgan Files Structured Note Tied to BlackRock's IBIT ETF with 16% Guaranteed Return by End-2026

JPMorgan filed a structured note linked to BlackRock's spot Bitcoin ETF (IBIT) with regulators on Nov. 26, BlockBeats reports. The note offers a 16% guaranteed return if IBIT reaches its target price by end-2026, with automatic redemption. If IBIT falls short by 2026, the note extends to end-2028, offering uncapped returns of 1.5x or more on the original investment should IBIT exceed the target price. Downside protection allows full principal recovery if IBIT's 2028 decline stays below 30%; losses beyond that threshold are proportional. JPMorgan warned that extreme downturns could result in losses exceeding 40% or total principal loss.