Every 424B that Alerian MLP Index ETNs due January 28 2044 (AMJB) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow AMJB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AMJB filings page.
JPMorgan Chase & Co. filed a preliminary 424B2 for Callable Fixed Rate Notes due May 12, 2034. The notes pay 4.45% per annum, with interest paid in arrears each November 14 from 2026 through 2033, and at maturity. JPMorgan may call the notes on the 14th calendar day of February, May, August, and November, beginning November 14, 2027 and ending February 14, 2034, at par plus accrued interest.
Key terms include a $1,000 denomination, 30/360 day count, Following Business Day Convention, and Unadjusted Interest Accrual Convention. For certain advisory or institutional accounts, the price to public will be between $980.10 and $1,000 per $1,000 note. Selling commissions, paid by JPMS to dealers, would be approximately $17.50 per $1,000 note if priced today and will not exceed $35.00.
The notes are unsecured obligations of JPMorgan Chase & Co., not bank deposits and not FDIC insured. Under JPMorgan’s single point of entry resolution strategy, losses would be borne first by equity and then unsecured creditors, including noteholders, and claims would be structurally subordinated to subsidiary creditors.
JPMorgan Chase Financial Company LLC plans to offer Auto Callable Contingent Interest Notes linked to the MerQube US Large‑Cap Vol Advantage Index, due November 29, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co.
Each $1,000 note pays a contingent interest of at least $27.50 per quarter (≥11.00% per annum) for any Review Date when the Index closes at or above the 60.00% Interest Barrier. The notes are auto‑callable on any Review Date (excluding the first and final) if the Index is at or above its Initial Value; the earliest call date is May 26, 2026. If called, holders receive $1,000 plus the applicable contingent interest.
If not called, at maturity you receive $1,000 plus the final contingent interest if the Final Value is at or above the 60.00% Trigger Value; otherwise, repayment is $1,000 plus $1,000 × Index Return, risking loss of more than 40% and up to all principal. The Index carries a 6.0% per annum daily deduction, which drags performance. Estimated value is approximately $901.90 per $1,000 note and will not be less than $900. Selling commissions will not exceed $41.25 per $1,000 note. Minimum denomination is $1,000.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Buffered Return Enhanced Notes linked to the S&P 500 Futures Excess Return Index, due October 31, 2030. The notes provide at least 1.823x any positive index return at maturity and include a 20.00% buffer against losses.
These unsecured notes pay no interest and expose investors to up to 80.00% principal loss if the index falls beyond the buffer. Key dates include Strike Date October 28, 2025 (Strike Value 564.91), expected Pricing Date on or about October 30, 2025, Observation Date October 28, 2030, and Maturity Date October 31, 2030. Minimum denomination is $1,000.
If priced today, the estimated value would be approximately $986.60 per $1,000 note, and the final estimated value will not be less than $950.00 per $1,000. Selling commissions will not exceed $2.00 per $1,000. Payments are subject to the credit risk of both the issuer and guarantor.
JPMorgan Chase Financial Company LLC plans an offering of Auto Callable Buffered Return Enhanced Notes linked to the lesser performing of the Russell 2000 and S&P 500, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on November 20, 2026 if each index closes at or above its Call Value (100% of its Initial Value), paying $1,000 plus a Call Premium of at least $130 per $1,000.
If not called and both indices finish above their Initial Values on November 14, 2028, the maturity payment equals $1,000 + 1.25× the lesser-performing index’s gain. Principal is buffered only to 20%; declines beyond that reduce principal one-for-one, down to as low as $200 per $1,000. Minimum denomination is $1,000. The notes are expected to price on or about November 14, 2025 and settle on or about November 19, 2025.
The preliminary estimated value is $980.60 per $1,000 today and will not be less than $960.00 when set. Sales are to fee-based advisory accounts with no commissions; JPMS may pay a $8.00 per $1,000 structuring fee to dealers.
JPMorgan Chase Financial Company LLC launched a preliminary pricing supplement for Digital Barrier Notes linked to the lesser performing of the Russell 2000 Index (RTY) and the S&P 500 Index (SPX), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target a fixed return of at least 8.45% at maturity if each index finishes at or above 70.00% of its Initial Value on the observation date.
The notes are expected to price on or about November 14, 2025 and settle on or about November 19, 2025, with an observation date on December 14, 2026 and maturity on December 17, 2026. Denomination is $1,000 per note. All sales will be made to fee-based advisory accounts, and broker-dealers will forgo commissions, resulting in a Price to Public of $1,000 and Proceeds to Issuer of $1,000 per note.
If either index is below its barrier, repayment is reduced one-for-one with the lesser performer and investors can lose some or all principal. The estimated value would be approximately $988.60 per $1,000 (not less than $940.00 per $1,000 when set), reflecting structuring and hedging costs and subject to issuer and guarantor credit risk.
JPMorgan Chase & Co. plans to issue Callable Fixed Rate Notes due November 14, 2033. The notes pay fixed interest at 4.55% per annum, with interest payable annually on November 14, beginning in 2026, using a 30/360 day count. The issuer may redeem the notes in whole on the 14th of February, May, August and November, from November 14, 2027 through August 14, 2033, at par plus accrued interest.
Pricing guidance indicates a price to the public between $980.10 and $1,000 per $1,000 for certain accounts. If priced today, selling commissions would be approximately $8.50 per $1,000, capped at $25.00 per $1,000. The notes follow a Following Business Day Convention and Unadjusted interest accrual. They are unsecured obligations of JPMorgan Chase & Co., not bank deposits, and are not FDIC insured. Counsel opines the notes will be treated as fixed-rate debt instruments for U.S. federal income tax purposes. Resolution planning disclosures state that unsecured creditors, including noteholders, would be junior to subsidiary creditors in a resolution scenario.
JPMorgan Chase Financial Company LLC filed a preliminary 424(b)(2) pricing supplement for Contingent Income Auto-Callable Securities linked to the iShares Bitcoin Trust ETF (IBIT), fully and unconditionally guaranteed by JPMorgan Chase & Co. These principal-at-risk notes target quarterly contingent payments of at least $34 per $1,000 (3.40%) when the ETF’s closing price is at or above 60% of the initial share price. The notes may auto-call on any determination date before maturity if the ETF closes at or above the initial share price.
If not called, and the final share price is at or above the 60% downside threshold, investors receive the $1,000 principal plus the contingent payment for the final period. If the final share price is below the threshold, repayment is reduced one-for-one with the ETF’s decline, potentially to zero. Investors do not participate in any upside of the ETF.
Issue price is $1,000 per security, with per-security fees of $15.00 and an additional $5.00, and stated maturity on November 12, 2027. If priced today using the minimum coupon, the estimated value would be approximately $939.90 per $1,000, and will not be less than $910.00 per $1,000 on the pricing date. The securities are unsecured, unsubordinated obligations of JPMorgan Chase Financial, guaranteed by JPMorgan Chase & Co., and will not be listed.
JPMorgan Chase Financial Company LLC plans to offer Auto Callable Barrier Notes linked to the Nasdaq-100, Russell 2000, and S&P 500, due November 7, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on scheduled Review Dates if each index closes at or above its Call Value (100% of Initial Value). The Barrier Amount for each index is 70% of its Initial Value. The earliest automatic call opportunity is November 5, 2026.
Minimum denominations are $1,000. If automatically called, holders receive $1,000 plus a Call Premium Amount that steps up by date (e.g., at least 9.450% on the first Review Date, up to at least 42.525% on the eighth). If not called, maturity pays $1,000 plus the Least Performing Index Return if all indices finish above their Initial Values; principal is returned if all are at or above their Barriers; otherwise, repayment is reduced one-for-one with the Least Performing Index Return. The notes pay no interest or dividends and carry full principal risk. If priced today, the estimated value would be approximately $937.40 per $1,000; when set, it will not be less than $900 per $1,000. Settlement is expected on or about November 6, 2025.
JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes contemplate a Contingent Interest Rate of at least 12.50% per annum (3.125% quarterly) when the Index on a Review Date is at or above the Interest Barrier of 60.00% of the Initial Value.
The notes may be automatically called on any Review Date (other than the first and final) if the Index is at or above the Initial Value, with the earliest call date on May 26, 2026. If not called, they mature on November 30, 2028. Minimum denomination is $1,000. If priced today, the estimated value would be approximately $942.90 per $1,000 principal amount, with selling commissions not to exceed $10 per $1,000.
Payments depend on Index performance, which reflects a 6.0% per annum daily deduction and a notional financing cost tied to SOFR plus 0.50%, creating a drag versus an equivalent index without these charges. If the Final Value is below the Trigger Value (60% of Initial), principal is reduced one-for-one with Index decline, up to total loss. The notes are unsecured obligations subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., plans a primary offering of Auto Callable Contingent Interest Notes linked to the least performing of the Nasdaq-100, Russell 2000, and S&P 500, due November 8, 2027. The notes pay a Contingent Interest Rate of at least 9.75% per annum (2.4375% per quarter) for any Review Date on which each index closes at or above 70.00% of its Initial Value.
The notes auto-call on any Review Date (other than the first and final) if each index is at or above its Initial Value; the earliest potential call is May 4, 2026. If not called, holders receive par plus the final contingent coupon if each index finishes at or above its 70% Trigger; otherwise, repayment is reduced 1% for each 1% decline in the least performing index. Minimum denomination is $1,000. Estimated value, if priced today, is $977.30 per $1,000 note and will not be less than $900.00 when set. Selling commissions will not exceed $7.00 per $1,000.
JPMorgan Chase Financial Company LLC filed a preliminary 424(b)(2) pricing supplement for Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes target quarterly contingent interest of at least 10.25% per annum when the Index closes on a Review Date at or above 50% of the Initial Value. They are auto‑callable if, on specified Review Dates (excluding the first three and final), the Index is at or above the Initial Value; the earliest potential call date is November 25, 2026. If not called, and the Final Value is at or above the 50% Trigger, investors receive principal plus the final contingent interest; below the Trigger, repayment is reduced one-for-one with Index decline, risking substantial or total principal loss.
The Index includes a 6.0% per annum daily deduction and a notional financing cost, which drag performance. Expected settlement is on or about December 1, 2025, maturity is November 29, 2030, minimum denomination $1,000; estimated value indications are approximately $920 (not less than $900) per $1,000 note. CUSIP: 48136JSM7.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., filed a preliminary pricing supplement for Review Notes linked to the least performing of the Nasdaq‑100, Russell 2000, and S&P 500, due October 31, 2030. The notes may be automatically called if, on a Review Date, each index closes at or above its Call Value, starting as early as October 30, 2026.
The notes do not pay interest or dividends and are unsecured, unsubordinated obligations. Minimum denominations are $1,000. If called, investors receive $1,000 plus a Call Premium Amount of at least 12.85%, 25.70%, 38.55%, 51.40%, or 64.25% for the first through final Review Dates, respectively. If not called, principal is returned at maturity only if each index’s Final Value is at least 70% of its Strike Value; otherwise, repayment is reduced one-for-one with the Least Performing Index Return.
The Strike Date is October 28, 2025. Illustrative estimated value is approximately $970.70 per $1,000 today and will not be less than $940.00 per $1,000 when set. Selling commissions will not exceed $5.00 per $1,000 note.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., announced preliminary terms for Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on November 29, 2030. The notes may pay a contingent coupon of at least 13.25% per annum if the Index on a Review Date is at or above 60.00% of the Initial Value, and they are automatically called on certain quarterly Review Dates if the Index is at or above the Initial Value.
The Index includes a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund component, which can weigh on performance. If not called, and the Final Value is below the 60.00% Trigger Value, principal is reduced one-for-one with Index losses, which can lead to significant loss of principal. Minimum denomination is $1,000. If priced today, the estimated value would be approximately $928.50 per $1,000 note, and will not be less than $900.00 when set. Selling commissions will not exceed $12.50 per $1,000 note. The earliest potential call date is May 26, 2026; expected pricing and settlement are on or about November 25 and December 1, 2025.
JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Auto Callable Buffered Return Enhanced Notes linked to the lesser of the Russell 2000 and S&P 500. The notes may be automatically called on November 20, 2026 if each index closes at or above its Call Value, paying $1,000 plus a Call Premium Amount of at least $92 per $1,000.
If not called, maturity on November 17, 2028 offers 1.25x any gain in the lesser-performing index; principal is returned if declines in the lesser index are within the 20% buffer. If the lesser index falls more than 20%, investors lose 1% of principal for each 1% beyond the buffer, up to an 80% loss. The notes pay no interest and no dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, and are fully and unconditionally guaranteed by JPMorgan Chase & Co.
Minimum denomination is $1,000. Estimated value would be approximately $960.90 per $1,000 if priced today and will not be less than $940.00 per $1,000 when set. Selling commissions are up to $20 per $1,000 and a structuring fee may be $8 per $1,000.
JPMorgan Chase Financial Company LLC plans to issue Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, due November 29, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a Contingent Interest Payment on any Review Date when the Index closes at or above 50.00% of the Initial Value (the Interest Barrier). They are automatically called if, on any Review Date other than the first, second, third and final, the Index closes at or above the Initial Value; the earliest potential call is November 25, 2026. The Contingent Interest Rate will be provided at pricing and will be at least 10.25% per annum, in $1,000 minimum denominations.
The Index includes a 6.0% per annum daily deduction, which will weigh on performance. If the notes priced today, the estimated value would be approximately $920 per $1,000, and at pricing will not be less than $900 per $1,000. Selling commissions will not exceed $12.50 per $1,000. These unsecured notes involve credit risk of the issuer and guarantor, may pay no interest on some or all Review Dates, are not listed, and may result in loss of principal.
JPMorgan Chase Financial Company LLC plans an offering of Auto Callable Contingent Interest Notes linked to the MerQube US Small-Cap Vol Advantage Index, due November 29, 2030, and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a contingent coupon on each Review Date only if the Index closes at or above 60% of the Initial Value. They are automatically called if, on any Review Date other than the first and final, the Index closes at or above the Initial Value; the earliest possible call is May 26, 2026. The contingent interest rate will be at least 13.25% per annum, in $1,000 minimum denominations. If the notes are not called and the Final Value is below 60% of the Initial Value, principal is reduced 1% for each 1% decline.
The Index includes a 6.0% per annum daily deduction and can use leverage up to 500% while targeting 35% implied volatility. If priced today, the estimated value would be approximately $928.50 per $1,000, and will not be less than $900. Selling commissions will not exceed $12.50 per $1,000. The notes are unsecured, not listed, not FDIC insured, and subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and due on November 29, 2030. The notes pay a contingent coupon of at least 13.25% per annum (3.3125% quarterly) on any Review Date when the Index closes at or above 60.00% of the Initial Value.
The notes are automatically called if, on any Review Date other than the first and final, the Index closes at or above the Initial Value; the earliest possible call is May 26, 2026. If not called, at maturity you receive $1,000 plus the final quarter’s coupon if the Final Value is at or above the 60.00% Trigger Value; otherwise, repayment equals $1,000 plus $1,000 × Index Return, which can result in losing more than 40% of principal and up to all of it.
The Index includes a 6.0% per annum daily deduction that drags performance. Minimum denomination is $1,000; selling commissions will not exceed $12.50 per $1,000. A preliminary estimated value was approximately $928.50 per $1,000, and will not be less than $900. Payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The notes are not bank deposits and are not FDIC insured.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Market Linked Securities tied to Broadcom Inc. common stock, due November 12, 2027. These auto-callable notes pay a contingent monthly coupon only if the stock’s closing price on the calculation day is at or above the coupon threshold, set at 60% of the starting price. The contingent coupon rate will be determined on the pricing date and will be at least 13.05% per annum.
The notes are automatically called for principal plus a final coupon if, on any monthly calculation day from May 2026 to October 2027, the stock closes at or above the starting price. If not called, principal is repaid at maturity only if the final stock price is at or above the downside threshold of 50% of the starting price; otherwise, investors have full downside exposure and can lose more than 50%, up to all principal. Investors do not receive dividends or upside beyond coupons.
Price to public is $1,000 per security; selling commissions are $23.25 and proceeds to issuer are $976.75 per security. If priced today, the estimated value would be approximately $954.50 per security and will not be less than $920.00 when set.
JPMorgan Chase & Co. plans to offer Callable Fixed Rate Notes due November 13, 2037. The notes pay fixed interest at 5.00% per annum, with interest paid annually on November 14, starting in 2026 and through 2036, and at maturity. The issuer may redeem the notes, in whole but not in part, on the 14th calendar day of May and November each year from November 14, 2027 to May 14, 2037, at par plus accrued interest.
Each note is expected to be issued at or near $1,000 principal amount, with eligible institutional or fee-based accounts potentially paying between $972.60 and $1,000 per $1,000. Selling commissions, if charged, would be approximately $10.00 per $1,000 (capped at $35.00). The notes use a 30/360 day count, Following Business Day Convention for dates, and Unadjusted interest accrual.
The filing highlights structural resolution considerations: in an SPOE resolution, losses could be borne by unsecured creditors, including noteholders, after priority and secured claims.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering Digital Buffered Notes linked to the first nearby month Brent crude oil futures contract on ICE (CO1/CO2). The notes provide a Contingent Digital Return of 9.00%, so if the Ending Contract Price is at or above the Contract Strike Price, or down by up to the Buffer Percentage, the maturity payment equals $1,090 per $1,000.
The Buffer Percentage is at least 23.60% (final level to be set). If the Ending Contract Price falls by more than the buffer, losses accelerate at a Downside Leverage Factor equal to 1/(1 – Buffer Percentage); at 23.60%, that factor is 1.3089, and repayment can decline to $0. The Contract Strike Price is $64.38, set by intraday prices on the Strike Date of October 28, 2025. Key dates include an Observation Date of November 25, 2026 and a Maturity Date of November 30, 2026.
If priced today, the estimated value is approximately $982.80 per $1,000 (final estimate not less than $975.00). These securities are not bank deposits and are not FDIC insured.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering preliminary Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, expected to price on or about November 4, 2025 and settle on or about November 7, 2025. The notes pay a Contingent Interest on each Review Date only if the Index closes at or above 60.00% of the Initial Value (the Interest Barrier). The Contingent Interest Rate is at least 11.20% per annum (2.80% quarterly), with minimum $1,000 denominations.
The notes are automatically called if, on any Review Date other than the first and final, the Index closes at or above the Initial Value; the earliest call date is May 4, 2026. If not called, at maturity on November 7, 2030 you receive principal plus the final interest only if the Final Value is at or above the Trigger Value (60.00% of Initial Value). If the Final Value is below the Trigger Value, repayment is reduced one-for-one with the Index decline, and you can lose more than 40% and up to all principal. The Index includes a 6.0% per annum daily deduction and a notional financing cost on its QQQ-based exposure, which creates a drag versus a similar index without these deductions. Estimated value, if priced today, is about $910.60 per $1,000 (not less than $900 at pricing); selling commissions will not exceed $39 per $1,000. Payments are subject to the credit risk of the issuer and guarantor.
JPMorgan Chase Financial Company LLC plans to issue Medium‑Term Notes, Series A — Digital Buffered Equity Notes due 2028 fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and return depends on an unequally weighted basket: EURO STOXX 50 (38%), TOPIX (26%), FTSE 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%).
At maturity on July 28, 2028 (determination date July 26, 2028), each $1,000 note pays: if the basket is up, principal plus the basket gain, subject to an expected threshold settlement amount of $1,220.20–$1,259.00; if the basket is down ≤ 15%, return of principal; if down > 15%, losses are linear at the ~1.1765x buffer rate. You could lose your entire investment.
Key terms: initial basket level 100; buffer level 85% of initial. Estimated value expected at $973.60–$983.60 per $1,000 at pricing. Original issue price: 100% of principal; underwriting commission: 0%; net proceeds: 100%. Trade date on or about Oct 29, 2025; settlement on or about Nov 3, 2025. No listing or redemption. Payments are subject to the credit risk of the issuer and guarantor.
JPMorgan Chase Financial Company LLC plans a primary offering of unsecured, unsubordinated Callable Contingent Interest Notes linked individually to the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a contingent coupon of at least 11.05% per annum (0.92083% monthly) for any Review Date when each index closes at or above 70.00% of its Initial Value. The issuer may redeem the notes early, in whole, on any Interest Payment Date other than the first, second and final; the earliest possible call date is February 5, 2026. If not called, the notes mature on May 5, 2027. At maturity, if each index’s Final Value is at least its 70.00% Trigger Value, investors receive $1,000 plus the final contingent coupon; otherwise, repayment is reduced by the Least Performing Index Return, which can result in losing more than 30% and up to all principal.
Minimum denomination is $1,000. Estimated value would be approximately $980.50 per $1,000 at pricing (not less than $900.00). Selling commissions will not exceed $7.25 per $1,000.
JPMorgan Chase Financial Company LLC plans a primary offering of Capped Dual Directional Buffered Return Enhanced Notes, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the lesser performer of the S&P 500 Index (SPX) and the Health Care Select Sector SPDR Fund (XLV), with a Maximum Upside Return of 20.00% and an Upside Leverage Factor of at least 1.23. They feature a 20.00% buffer on declines, after which losses match further downside of the lesser-performing underlying. Minimum denomination is $1,000.
The notes are expected to price on October 31, 2025, settle on November 5, 2025, and mature on November 4, 2027, with the observation date on November 1, 2027. They pay no interest or dividends, are unsecured and unsubordinated, and will not be listed, so liquidity may be limited. If priced today, the estimated value would be approximately $983.60 per $1,000 note; the final estimated value will not be less than $900.00 per $1,000. Selling commissions will not exceed $7.00 per $1,000 note. Investors could lose up to 80.00% of principal at maturity.
JPMorgan Chase Financial Company LLC is offering preliminary Auto Callable Contingent Interest Notes linked to the least performing of Axon Enterprise (AXON), Coinbase Global Class A (COIN) and Nebius Group N.V. Class A (NBIS), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target a Contingent Interest Rate of at least 25.75% per annum (paid monthly at least 2.14583%), when on a Review Date the closing price of one share of each reference stock is at or above its 80.00% Interest Barrier.
The notes may be automatically called if, on any applicable Review Date (earliest October 29, 2026), each stock closes at or above its Initial Value; holders then receive $1,000 plus due interest and any unpaid accrued contingent interest. If not called, they mature on November 3, 2027. Principal is protected only by a 30.00% buffer: if any final stock is below its 70.00% Buffer Threshold, repayment is reduced 1:1 beyond the buffer, with up to 70.00% principal loss. Minimum denomination is $1,000; selling commissions are up to $9 per $1,000. The estimated value would be about $920 per $1,000 (not less than $900) at pricing, subject to issuer and guarantor credit risk.
JPMorgan Chase Financial Company LLC filed a preliminary 424(b)(2) pricing supplement for Callable Contingent Interest Notes linked to the least performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about October 29, 2025 and settle on or about November 3, 2025, in minimum denominations of $1,000.
The notes pay a contingent monthly coupon at a rate of at least 8.45% per annum (≥0.70417% per month) only if each index closes at or above 70.00% of its Initial Value on the applicable Review Date. They are callable at the issuer’s option on specified Interest Payment Dates starting May 4, 2026. If held to maturity on November 2, 2028, investors receive $1,000 plus the final contingent coupon if each index is at or above its 70.00% Trigger; otherwise, principal is reduced one-for-one with the decline of the least performing index, which can result in substantial loss of principal.
The price to public is $1,000 per note; selling commissions will not exceed $29.50 per $1,000 note. The estimated value, if priced today, would be approximately $951.80 per $1,000 note and will not be less than $900.00 per $1,000 note. The notes are unsecured, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not listed, which may limit liquidity.
JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on scheduled Review Dates if the Index closes at or above the Call Value (90% of the Initial Value), with minimum Call Premiums starting at 11.80% on the first Review Date and rising to 59.00% by the final Review Date.
The earliest potential call is October 30, 2026, and the notes mature on October 31, 2030. Investors forgo interest and dividends and face downside risk at maturity, buffered only to 15.00%; losses increase one-for-one beyond that level, up to 85.00% of principal. The Index includes a 6.0% per annum daily deduction, and the QQQ exposure reflects a daily notional financing cost, both of which reduce index performance.
Per-note denomination is $1,000. If priced today, the estimated value would be approximately $918.50 per $1,000, and will not be less than $900.00 when set. Payments are subject to the credit risk of both the issuer and guarantor. The notes will not be listed and do not pay interest.
JPMorgan Chase Financial Company LLC launched a preliminary 424(b)(2) for Auto Callable Contingent Interest Notes linked to the lesser performing of the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may pay a contingent coupon of at least 8.25% per annum (2.0625% per quarter) if, on a Review Date, each index is at or above 60% of its Initial Value. They auto-call on any non-final Review Date if each index is at or above its Initial Value, returning $1,000 per note plus the applicable coupon. If not called, at maturity on November 4, 2026, repayment depends on index performance and whether a Trigger Event occurred during the Monitoring Period; investors risk losing some or all principal if the lesser performer finishes below its Initial Value after a Trigger Event.
Minimum denominations are $1,000. Selling commissions will not exceed $7.25 per $1,000 note. If priced today, the estimated value would be approximately $983.60 per $1,000 note, and will not be less than $900.00 per $1,000 when set.
JPMorgan Chase Financial Company LLC announced preliminary terms for auto-callable Review Notes linked to the Dow Jones Industrial Average, Nasdaq-100, and Russell 2000, due November 3, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may be automatically called on scheduled review dates if each index closes at or above its Call Value (100% of Initial Value), with minimum call premiums of 10.750%, 16.125%, 21.500%, 26.875%, and 32.250% by the final review. If not called, principal is protected only if each index’s final level is at or above the 70% Barrier; otherwise, repayment is reduced 1:1 with the Least Performing Index.
The notes pay no interest or dividends, are offered in $1,000 denominations, and are unsecured obligations of JPMorgan Chase Financial. If priced today, the estimated value would be approximately $942.40 per $1,000, and will not be less than $900.00 per $1,000 when set. Earliest auto-call eligibility is November 4, 2026.
JPMorgan Chase Financial Company LLC filed a preliminary 424(b)(2) pricing supplement for Callable Contingent Interest Notes linked to the least performing of the Nasdaq-100 Technology Sector Index (NDXT), Russell 2000 (RTY) and S&P 500 (SPX), fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a contingent coupon of at least 8.45% per annum (0.70417% monthly) when on a Review Date the closing level of each Index is ≥ 70.00% of its Initial Value (Interest Barrier). They are callable at the issuer’s option on any Interest Payment Date from November 3, 2026, and mature on October 4, 2029. If held to maturity and any Index finishes below 70.00% of its Initial Value (Trigger), principal is reduced one-for-one with the Least Performing Index Return, down to zero.
Minimum denomination is $1,000 per note; price to public is $1,000 per note. Selling commissions will not exceed $29.50 per $1,000. The preliminary estimated value is approximately $951.60 per $1,000 (final will not be less than $900.00). The notes are unsecured obligations of JPMorgan Financial and are subject to the credit risk of both the issuer and the guarantor.
JPMorgan Chase Financial Company LLC plans a primary offering of Auto Callable Contingent Interest Notes linked to the lesser performing of the Russell 2000 Index and the S&P 500 Index, due November 4, 2026, and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may pay a contingent interest rate of at least 10.75% per annum (at least $26.875 per $1,000 quarterly) on each Review Date only if the closing level of each index is at or above 70.00% of its Initial Value. The notes are auto‑callable on any non‑final Review Date if both indices close at or above their Initial Values, returning $1,000 plus that period’s interest. If not called, repayment at maturity depends on index performance: if both finish at or above Initial (or no Trigger Event occurred), investors receive $1,000 plus final interest; if a Trigger Event occurs (either index closes below 70.00% on any day) and either finishes below Initial, the maturity payment becomes $1,000 plus $1,000 times the Lesser Performing Index Return, risking substantial principal loss.
Denomination is $1,000, with selling commissions not exceeding $7.25 per $1,000. If priced today, the estimated value would be about $982.80 per $1,000, and will not be less than $900.00 per $1,000 when set. The notes are unsecured, subject to issuer and guarantor credit risk, and will not be listed.
JPMorgan Chase Financial Company LLC announced a preliminary 424(b)(2) pricing for Capped Dual Directional Buffered Equity Notes linked to the Nasdaq-100 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target unleveraged exposure with a Maximum Upside Return of at least 13.00% and a 15.00% buffer, maturing on May 3, 2027.
At maturity, gains track the Index up to the cap; declines up to 15% pay the absolute value as a positive return, and losses beyond 15% reduce principal on a 1:1 basis, up to an 85% loss. Minimum denominations are $1,000. If priced today, the estimated value would be about $970 per $1,000, and will not be less than $950 per $1,000 when set. For fee-based advisory accounts, the price to public will not be lower than $982.50 per $1,000; brokerage selling commissions will not exceed $17.50 per $1,000. The notes do not pay interest or dividends and are unsecured, subject to the credit risks of the issuer and guarantor.
JPMorgan Chase Financial Company LLC announced a preliminary 424(b)(2) pricing supplement for Auto Callable Contingent Interest Notes linked to the least performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes target a Contingent Interest Rate of at least 8.25% per annum (at least $6.875 per $1,000 monthly) when the closing level of each Index is at or above 70.00% of its Initial Value. They are auto-callable if on any qualifying Review Date each Index is at or above its Initial Value; the earliest potential call is April 30, 2026. If not called, the notes mature on October 5, 2027. If any Index finishes below its 70.00% Trigger Value at maturity, principal is reduced one-for-one with the decline of the least performing Index.
The notes are expected to price on or about October 30, 2025 and settle on or about November 4, 2025, in minimum denominations of $1,000. The issuer cites an estimated value of approximately $962.00 per $1,000 today and not less than $900.00 per $1,000 at pricing. Selling commissions will not exceed $22.25 per $1,000. Payments are subject to the credit risk of both the issuer and guarantor.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Digital Barrier Notes linked to the lesser performing of the S&P 500 Index (SPX) and the Russell 2000 Index (RTY), due November 4, 2027. The notes target a Contingent Digital Return of at least 24.05% and feature a 70% barrier for each index.
At maturity, if both indices finish at or above their initial levels, investors receive $1,000 plus the greater of the Contingent Digital Return or the lesser-performing index’s return. If either index is below its initial level but both are at or above 70% of initial, principal is returned. If either index finishes below 70% of its initial level, repayment is reduced one-for-one with the lesser performer’s decline, and investors can lose most or all principal.
The notes are expected to price on or about October 31, 2025 and settle on or about November 5, 2025, in $1,000 minimum denominations. If priced today, the estimated value would be approximately $991.30 per $1,000 note, and will not be less than $970. Sales are to certain fee-based advisory accounts with no commissions.
JPMorgan Chase Financial Company LLC filed a preliminary 424(b)(2) pricing supplement for auto-callable structured notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can be automatically called on any Review Date if the Index closes at or above 100% of the Initial Value, with the earliest call on November 9, 2026.
The Index includes a 6.0% per annum daily deduction, which will reduce performance versus an identical index without the deduction. A 75.00% barrier applies at maturity if the notes are not called. Minimum call premiums per $1,000 are scheduled as follows: 24.500% (first Review Date) rising to 73.500% (final). The notes pay no interest or dividends, are issued in $1,000 denominations, and carry selling commissions that will not exceed $40.00 per $1,000. If priced today, the estimated value would be approximately $908.00 per $1,000 (not less than $900.00 when set). Settlement is expected on or about November 5, 2025 (CUSIP 48136JDC5).
JPMorgan Chase Financial Company LLC filed a preliminary 424(b)(2) pricing supplement for Auto Callable Contingent Interest Notes linked to the lesser performing of the SPDR S&P Regional Banking ETF (KRE) and the VanEck Gold Miners ETF (GDX), fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes offer a contingent interest rate of at least 10.50% per annum (paid monthly) if, on a Review Date, each ETF closes at or above 70.00% of its Initial Value. The notes may be automatically called starting April 30, 2026 if each ETF closes at or above its Initial Value, returning $1,000 plus the applicable interest. If not called, at maturity on November 2, 2028 you receive $1,000 plus final interest only if each ETF is at or above its 65.00% Buffer Threshold; otherwise principal is reduced 1-for-1 beyond the 35.00% Buffer Amount, with up to 65.00% loss.
Minimum denomination is $1,000. Selling commissions will not exceed $6.50 per $1,000. An illustrative estimated value is approximately $984.40 per $1,000, and will not be less than $900. Payments are subject to the credit risk of the issuer and guarantor.
JPMorgan Chase Financial Company LLC filed a preliminary 424(b)(2) pricing supplement for “Review Notes” linked to the least performing of the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called if, on any Review Date starting November 2, 2026, the closing level of each index is at or above its Call Value.
The notes pay no interest or dividends and can return principal early at a premium; minimum Call Premium Amounts range from at least 12.250% on the first Review Date to at least 61.250% on the final Review Date. If not called, principal is protected at maturity only if each index finishes at or above a 70.00% Barrier Amount; otherwise, repayment is reduced one-for-one with the Least Performing Index and investors could lose all principal. Denominations are $1,000, estimated value would be approximately $968.50 per $1,000 (not less than $900.00 per $1,000), and selling commissions will not exceed $11.25 per $1,000. The notes are unsecured, unlisted, and subject to the credit risks of the issuer and guarantor, with maturity on November 1, 2030.
JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for auto‑callable Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may be called early if the Index closes at or above the Call Value (100% of the Initial Value) on scheduled Review Dates, with the earliest automatic call date on November 2, 2026. Minimum denomination is $1,000. The structure offers fixed Call Premium Amounts of at least 18.00% to 90.00% of $1,000 depending on the call date and includes a 15.00% buffer at maturity. If not called and the Index falls by more than the buffer, investors can lose up to 85.00% of principal.
The Index reflects a 6.0% per annum daily deduction, and the QQQ-linked Underlying Asset carries a notional financing cost, both of which reduce index performance. The notes pay no interest or dividends and are subject to the credit risk of the issuer and guarantor. Selling commissions will not exceed $44.00 per $1,000. If priced today, the estimated value would be approximately $920.90 per $1,000, and will not be less than $900.00 per $1,000 when set.
JPMorgan Chase Financial Company LLC announced a preliminary 424(b)(2) pricing supplement for Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on any Review Date if the Index closes at or above the Call Value (100% of the Initial Value), with earliest call on November 4, 2026 and maturity on November 4, 2030.
The structure offers a 15.00% buffer at maturity, but investors can lose up to 85.00% of principal if the Index declines beyond the buffer. Minimum denomination is $1,000. Indicative Call Premium Amounts start at 17.75% ($177.50 per $1,000) on the first Review Date and reach 88.75% ($887.50) on the final Review Date. The Index embeds a 6.0% per annum daily deduction and a notional financing cost on QQQ exposure, which will drag performance.
If priced today, the estimated value would be approximately $907.50 per $1,000 note and will not be less than $900.00 when set. Selling commissions will not exceed $44.00 per $1,000. Expected pricing is on or about October 30, 2025, with settlement on or about November 4, 2025.
JPMorgan Chase Financial Company LLC is offering Capped Dual Directional Buffered Equity Notes linked to the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about October 28, 2025, settle on or about October 31, 2025, and mature on May 3, 2027, with a single observation on April 28, 2027.
The notes provide unleveraged upside to the Index, capped at a Maximum Upside Return of at least 9.30%, and a “dual directional” return where declines of up to the 15.00% Buffer Amount generate positive returns equal to the absolute decline. If the Index falls by more than 15%, investors lose principal on a 1-for-1 basis beyond the buffer, up to 85%. Minimum denomination is $1,000. A selling commission of up to $22.25 per $1,000 may apply. If priced today, the estimated value would be approximately $971.70 per $1,000, and will not be less than $900.00 per $1,000 when set. The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial, and are not bank deposits or FDIC insured.
JPMorgan Chase Financial Company LLC plans to offer unsecured, auto-callable structured notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be called as early as November 2, 2026 if the Index closes at or above the Call Value (100% of the Initial Value). Minimum denominations are $1,000 per note, and the notes do not pay interest or dividends.
Call premiums are set at not less than 18.25% of principal on the first Review Date, stepping up to not less than 91.25% by the final Review Date. A 15.00% buffer applies at maturity: if the notes are not called and the Index decline exceeds the buffer, repayment is reduced by the excess according to the formula disclosed. The Index includes a 6.0% per annum daily deduction and a daily notional financing cost tied to QQQ performance, which can materially drag returns. The notes are expected to price on or about October 28, 2025, settle on or about October 31, 2025, and mature on October 31, 2030. If priced today, the estimated value would be approximately $911.60 per $1,000 note and will not be less than $900 per $1,000 when set. Credit risk of the issuer and guarantor and limited liquidity apply.
JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Auto Callable Notes linked to the J.P. Morgan Multi-Asset Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may auto-call on any Review Date if the Index closes at or above the Call Value of 101.00% of the Initial Value, with the earliest auto-call on October 30, 2026.
If not called, the notes offer 100% participation in Index appreciation at maturity on November 2, 2032, with principal repaid if the Index is flat or down. Minimum denomination is $1,000. The Index reflects a 1.00% per annum daily deduction. Indicative Call Premium Amounts are at least 6.60%, 13.20%, 19.80%, 26.40%, 33.00%, and 39.60% for successive Review Dates, to be finalized at pricing. Estimated value would be approximately $926.10 per $1,000 (not less than $900.00 at pricing). Selling commissions will not exceed $41.25 per $1,000.
Key risks include credit risk of the issuer and guarantor, no interest payments, limited liquidity, and the issuer’s right to adjust timing/amounts upon a commodity hedging disruption event. The notes are expected to price on or about October 28, 2025 and settle on or about October 31, 2025.
JPMorgan Chase Financial Company LLC filed a preliminary 424(b)(2) pricing supplement for Auto Callable Contingent Interest Notes linked to the Nasdaq-100, Russell 2000 and S&P 500, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target a Contingent Interest Rate of at least 9.85% per annum, payable monthly if each index closes at or above 70.00% of its Initial Value on a Review Date.
The notes may be automatically called if, on any Review Date other than the first, second and final, each index is at or above its Initial Value; the earliest possible call is January 29, 2026. If not called, at maturity on May 4, 2027, investors receive $1,000 plus the final contingent interest if each index is at or above its Trigger Value (70.00% of Initial Value); otherwise, repayment is reduced one-for-one with the Least Performing Index Return and can result in loss of most or all principal.
Denominations are $1,000. Estimated value, if priced today, is approximately $980.10 per $1,000 note; final estimated value will not be less than $900. Selling commissions will not exceed $6.50 per $1,000 note.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Auto Callable Contingent Interest Notes linked to the least performing of the Financial Select Sector SPDR Fund (XLF), the Russell 2000 Index (RTY) and the Utilities Select Sector SPDR Fund (XLU), maturing on November 2, 2028.
The notes pay a monthly contingent coupon at an annual rate of at least 7.75% when, on a Review Date, the closing value of each underlying is at or above 74.50% of its Initial Value. Starting April 28, 2026, the notes are automatically called if each underlying is at or above its Initial Value, returning $1,000 plus that month’s coupon.
If not called, at maturity you receive $1,000 plus the final coupon if each underlying is at or above 70.00% of its Initial Value; otherwise, principal is reduced one-for-one by the Least Performing Underlying’s decline, which can result in a significant loss of principal. Denominations are $1,000. The price to public is $1,000 per note; selling commissions will not exceed $30 per $1,000. If priced today, the estimated value would be about $947 per $1,000, and will not be less than $910 per $1,000 when set.
JPMorgan Chase Financial Company LLC launched a preliminary pricing supplement for Uncapped Accelerated Barrier Notes linked to the least performing of the Nasdaq-100, Russell 2000, and S&P 500, due November 3, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes target an Upside Leverage Factor of at least 1.94, with a Barrier Amount of 85.00% of each index’s initial value. If all indices finish above their initial values, the payoff adds the least-performing index’s return multiplied by the leverage. If any index finishes below its barrier, repayment is reduced one-for-one with the least-performing index’s decline, which can result in losing some or all principal. The notes do not pay interest and do not provide dividends.
Denomination is $1,000. Selling commissions will not exceed $8 per $1,000. If priced today, the estimated value would be about $980.50 per $1,000, and at pricing will not be less than $950.00 per $1,000. Expected pricing is on or about October 31, 2025, with settlement on or about November 5, 2025. Payments are subject to the credit risk of the issuer and guarantor.
JPMorgan Chase Financial Company LLC plans to issue Capped Buffered Return Enhanced Notes linked to the S&P 500 Index, due December 3, 2026, fully and unconditionally guaranteed by JPMorgan Chase & Co. The preliminary terms target 1.25x upside participation, capped at a maximum return of at least 11.50%, with a 15.00% buffer against losses at maturity.
The notes are expected to price on or about October 28, 2025 and settle on or about October 31, 2025. They pay no interest or dividends, and investors may lose up to 85.00% of principal if the Index declines beyond the buffer. The price to public is $1,000 per note, with proceeds to the issuer of $1,000 per note for fee-based accounts. The estimated value would be approximately $995.60 per $1,000 note today and will not be less than $970.00 per $1,000 when set.
The Observation Date is November 30, 2026. The notes will not be listed, and secondary market prices may be lower than the original issue price. Payments are subject to the credit risk of both the issuer and the guarantor.
JPMorgan Chase & Co. filed a preliminary pricing supplement for Callable Fixed Rate Notes due October 31, 2035. The notes pay 5.00% per annum, with interest payable annually on October 31, beginning in 2026, calculated on a 30/360 basis.
The notes are callable at JPMorgan’s option, in whole but not in part, on the last calendar day of April and October from October 31, 2027 through April 30, 2035. If called, holders receive the principal amount plus accrued and unpaid interest to (but excluding) the applicable Redemption Date. Maturity is October 31, 2035, subject to the following business day convention.
The preliminary price to the public is $1,000 per $1,000 principal amount note (for eligible institutional or fee‑based accounts, not lower than $975.10 or greater than $1,000). Selling commissions, if priced today, would be approximately $1.50 per $1,000 note and will not exceed $22.50 per $1,000. The notes are unsecured obligations of JPMorgan Chase & Co. and are not bank deposits or FDIC insured.
JPMorgan Chase Financial Company LLC plans a primary offering of unsecured, unsubordinated Auto Callable Contingent Interest Notes linked to the least performing of the Russell 2000 Index, the S&P 500 Index and the SPDR S&P Regional Banking ETF, due October 25, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a Contingent Interest Payment on any Review Date only if each underlying closes at or above 70.00% of its Strike Value. They are automatically called if, on any Review Date after the first five and before the final, each underlying is at or above its Strike Value; the earliest potential call is April 22, 2026. The Contingent Interest Rate will be at least 12.00% per annum, in $1,000 minimum denominations.
If not called and the final value of any underlying is below its 70.00% Trigger Value, principal is reduced 1% for each 1% decline of the least performer, up to full loss. Estimated value is approximately $972.00 per $1,000 note today and will not be less than $940.00 when set. Selling commissions will not exceed $6.00 per $1,000. The notes will not be listed, and any sale before maturity may result in a loss.
JPMorgan Chase Financial Company LLC plans to issue fully guaranteed floating rate notes due October 31, 2065 under an effective shelf. Interest accrues quarterly in arrears on the last day of January, April, July and October, starting January 31, 2026.
The interest rate for each period equals Compounded SOFR + 0.15%, subject to a 0.00% floor, determined using defined Observation Periods and a Determination Date immediately preceding each payment date. If a Benchmark Transition Event occurs, a Benchmark Replacement may apply as described.
Holders may request early repurchase on October 31 each year from 2028 through 2064, with repurchase amounts of $970 (2028–2029), $980 (2030–2031), $990 (2032–2033) and $1,000 (2034–2064). The notes are priced at $1,000 per note, and selling commissions will not exceed $10 per $1,000. The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co.
JPMorgan Chase & Co. plans a primary offering of Callable Fixed Rate Notes due October 29, 2030. The notes pay 4.00% per annum, with interest in arrears on April 29 and October 29 each year, beginning April 29, 2026. The issuer may redeem the notes at par on October 29, 2029, plus accrued interest. Key dates include a Pricing Date of October 27, 2025 and an Original Issue Date (settlement) of October 29, 2025. Conventions: Business Day Following, Interest Accrual Unadjusted, Day Count 30/360.
The notes are unsecured obligations of the issuer and are not FDIC insured. Selling commissions would be approximately $2.50 per $1,000 principal amount if priced today and will not exceed $12.50 per $1,000. The issuer’s resolution plan under Dodd‑Frank contemplates losses being borne first by equity and then by unsecured creditors, which includes holders of these notes; claims would be junior to creditors of subsidiaries.