Did your broker sell you JPMorgan Chase Linked Notes to XOP – Cusip 48132C4L4

JP Morgan offers structured investments and some investors may not fully appreciate their risks. Structured products can offer enhanced return but brokers often times downplay the risks when the underlying linked asset fails to perform. One product we are investigating is the JP Morgan Structured product linked to the S&P oil and gas exploration ETF ticker “XOP” which caused significant investor losses. JPM Morgan Chase LKD SPX XOP note dated 7/17/19 to 10/15/20 lost investors over 59% of their principal investment.
The majority of the losses happened when oil crashed in March of 2020 pulling down the XOP that the note was linked to causing principal losses of over 59% in a note that many investors were safe and secure like bonds. The notes offered by JPMorgan linked to the XOP that sold to investors for $100 redeemed for only around $42. Soreide Law Group believes that many investors were misled about the risks of these products and may have a claim against their financial advisors who down played the risks to their clients and did not offer a full and fair risk disclosure. Many investors who purchased these notes were elderly conservative investors who were seeking income and failed to understand the market risk they were exposed to.
Contact Soreide Law Group at (888) 760-6552 for a free consultation. We handle cases nationwide before the Financial Industry Regulatory Authority and we work off a contingency fee so we only get paid if we are successful in recovering your investment losses.
CUSIP: 48132C4L4
JPM Morgan Chase LKD SPX XOP
DTD 7/17/19 to 10/15/20