JPMorgan Clean Energy ETF Autocallable Notes Results in Potential Significant Investor Risk
The White Law Group is investigating potential securities lawsuits involving JPMorgan Clean Energy ETF Autocallable Notes.
Investors who purchased a structured product from JPMorgan linked to two clean energy ETFs may face significant downside risk depending on ETF performance.
The structured note in question—JPMorgan’s Auto Callable Return Enhanced Notes linked to the lesser-performing of the iShares® Global Clean Energy ETF and the Invesco WilderHill Clean Energy ETF (CUSIP: 48132TCL8)—was issued in March 2021 with a face value of $15,250,000. The note’s performance is based on the worst-performing ETF, exposing investors to increased risk.
Details of the Investment – JPMorgan Clean Energy ETF
- Issue Date: March 17, 2021
- Linked Securities: iShares® Global Clean Energy ETF (ICLN) and Invesco WilderHill Clean Energy ETF (PBW)
- Product Type: Auto Callable Return Enhanced Note
- Face Value: $15,250,000
- Final Payout: Depends on the lowest-performing ETF on March 15, 2024
- If both ETFs ? call value ($25.45 ICLN / $30.02 PBW): $1,310 return per $1,000 note
- If not called and either ETF < downside threshold: Investors may lose a substantial portion or all of their principal
- Total Loss Potential: Up to 100% of principal. Investors are exposed to the lesser-performing ETF, and if it drops significantly, they may receive nothing.
Why Could the Investment Lose Value? (JPMorgan Clean Energy ETF )?
Dual-underlying autocallable notes tie returns to the weaker ETF. In this case:
- The note is automatically called if both ETFs close above their respective Call Values on a review date
- If not called, and the final value of either ETF is below its downside threshold, repayment is based on the lesser-performing ETF’s return
- Subject to enhanced downside risk with no upside beyond fixed call amount
- Estimated value at pricing: $965.20 per $1,000 note
Understanding the Risks of Autocallable Notes
These notes are complex and risky, with factors including:
- Market risk of both ICLN and PBW ETFs
- Credit risk of JPMorgan Chase Financial Company LLC
- Downside tied to worst performer
- No ongoing income or guaranteed return
- Not FDIC insured or backed by a government agency
Did Your Financial Advisor Recommend This Investment?
If this dual-ETF structured product was sold without adequate explanation of its risks or unsuitably recommended, you may be eligible for recovery through FINRA arbitration.
FINRA Arbitration vs. Class Action
- FINRA arbitration is more personalized and often results in faster recovery
- Class actions suit widespread small claims across multiple investors
Free Consultation
The White Law Group is investigating potential claims involving JPMorgan Clean Energy ETF Autocallable Notes. Call (888) 637-5510 for a free consultation today.
Visit www.whitesecuritieslaw.com for more information on current investigations.
Last modified: June 4, 2025