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 Financial Company LLC is offering Trigger GEARS totaling $6,153,600 linked to an unequally weighted basket of five equity indices. The Securities pay at maturity based on the Basket Return with an Upside Gearing of 1.73 and a Downside Threshold equal to 65.00% of the Initial Basket Value. The Trade Date is February 13, 2026, Original Issue Date (Settlement Date) is February 18, 2026, the Final Valuation Date is February 13, 2036, and the Maturity Date is February 15, 2036. Securities are issued at $10.00 per security with a minimum investment of $1,000. If the Basket Return is positive, holders receive principal plus the Basket Return times the Upside Gearing; if the Final Basket Value is below the Downside Threshold, holders suffer principal loss proportionate to the negative Basket Return. The estimated value at pricing was $9.003 per $10 principal amount.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable yield notes linked to the worst performer of Broadcom, Eli Lilly and Micron common stock. The notes pay at least 20.00% per annum, credited monthly, as long as they remain outstanding.
The notes may be automatically called on scheduled review dates starting in August 2026 if each stock is at or above its initial price, returning $1,000 per note plus the applicable interest. If not called, principal repayment at maturity in August 2027 depends on the weakest stock: as long as each final stock price is at least 50.00% of its initial value, investors receive full principal plus the final interest payment.
If any stock finishes below its 50.00% trigger, principal is reduced one-for-one with the decline of the worst stock, and investors can lose more than half, up to all, of their investment. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An example estimated value is $962.20 per $1,000 note, and the final estimated value will not be less than $900.00.
JPMorgan Chase Financial Company LLC is offering five-year Trigger GEARS, unsecured notes linked to an unequally weighted basket of six major equity indices: S&P 500 (45%), EURO STOXX 50 (22%), Nikkei 225 (13.75%), FTSE 100 (9.63%), Swiss Market Index (5.50%) and S&P/ASX 200 (4.13%).
The notes are issued at $10 per Security, in $10 increments with a $1,000 minimum, and pay no interest or dividends. At maturity, if the basket has risen, investors receive $10 plus the basket return multiplied by an Upside Gearing between 1.15 and 1.30. If the basket is flat or down but still at or above 75% of its initial basket value, principal is repaid. If the basket falls below that 75% downside threshold, repayment is reduced dollar-for-dollar with the negative basket return, and investors can lose all principal.
The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co., but payments depend on the credit of both issuer and guarantor. The public issue price is $10.00, including up to $0.35 per $10 in selling commissions to UBS, while the indicative estimated value is about $9.48 per $10 (and will not be less than $9.10), reflecting embedded structuring and hedging costs.
JPMorgan Chase & Co. is offering callable floating rate notes linked to a SOFR-based benchmark, scheduled to mature on February 27, 2036. Investors receive principal at maturity plus any accrued interest, provided the notes have not been redeemed early.
The notes pay interest quarterly at a rate equal to the applicable Benchmark Rate plus 1.00%, subject to a minimum interest rate of 3.00% per annum and a maximum interest rate of 6.00% per annum. Interest is calculated using Compounded SOFR (or a benchmark replacement after a benchmark transition event) over defined observation periods and uses a 30/360 day count convention.
JPMorgan may redeem the notes in whole, but not in part, on specified quarterly redemption dates from 2028 through 2035 at par plus accrued interest. The filing highlights risks tied to SOFR’s limited history, potential benchmark transitions, subordination of noteholders in a resolution scenario, and the possibility of limited secondary market liquidity.
JPMorgan Financial is issuing $838,000 of unsecured callable contingent interest notes linked to the worst performer of the S&P 500 Index, the State Street Technology Select Sector SPDR ETF and the VanEck Gold Miners ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a monthly contingent coupon at a rate of 13.25% per annum only if on a review date each underlying is at or above 60% of its initial value; otherwise no interest is paid for that period. JPMorgan may redeem the notes early on specified interest payment dates starting May 15, 2026, paying $1,000 plus any due coupon.
If the notes are not called and any underlying finishes below its 60% trigger on the final review date, principal is reduced one-for-one with the decline of the worst-performing underlying, potentially down to zero. The notes priced at $1,000 per unit with an estimated value of $966.70, will not be listed, are subject to JPMorgan’s credit risk and are not FDIC insured.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Morgan Stanley. The notes target a contingent interest rate of at least 11.10% per annum (2.775% per quarter), paid only when Morgan Stanley’s share price on a review date is at or above 65% of its initial level.
The notes can be automatically called as early as February 2027 if the stock closes at or above the initial value on designated review dates, returning principal plus the applicable interest payment. If the notes are not called and the final stock price is below 65% of the initial value, investors lose 1% of principal for each 1% stock decline and can lose their entire investment. The securities are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable accelerated barrier notes linked to the least performing of the EURO STOXX 50 Index, the iShares MSCI EAFE ETF and the iShares MSCI Emerging Markets ETF, maturing in February 2029.
The notes can be automatically called in February 2027 if each underlying is at or above 100% of its initial value, paying $1,000 plus a call premium of at least $233 per $1,000 note. If held to maturity and all underlyings finish above their initial values, investors receive $1,000 plus 2.00 times the gain of the least performing underlying.
If any underlying finishes below its initial value but at or above 70% of its initial value, investors receive only their principal back. If any finishes below 70%, investors lose 1% of principal for each 1% decline in the least performing underlying and can lose their entire investment. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, and have an indicative estimated value of about $974.50 per $1,000, not less than $930 at pricing.
JPMorgan Chase Financial Company LLC is offering Capped Buffered Return Enhanced Notes linked to the common stock of Adobe Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 1.50x upside exposure to Adobe’s share price, capped at a maximum return of at least 51.90% and a maximum payment at maturity of at least $1,519 per $1,000 note.
Principal is protected only by a 20% downside buffer; if Adobe’s Final Value falls more than 20% below its Initial Value, holders lose 1% of principal for each additional 1% decline, up to an 80% loss. The notes pay no interest, pass through no dividends, are unsecured, not FDIC insured, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If priced on the described date, the estimated value would be about $976.30 per $1,000 note, and will not be less than $900 per $1,000 when terms are set.
JPMorgan Chase Financial Company LLC is issuing contingent interest notes due March 1, 2029, linked to the worst performer among three ETFs: iShares MSCI EAFE, iShares Russell 2000 and SPDR Dow Jones Industrial Average. The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co.
Investors may receive monthly contingent interest of at least 7.20% per annum (at least 0.60% per month) if each ETF stays at or above 70.00% of its strike value on the relevant review date. If any ETF finishes below 70.00% at maturity, principal is reduced one-for-one with the worst fund’s loss, leading to losses greater than 30.00% and potentially a total loss of principal.
The notes are unsecured, unsubordinated obligations in $1,000 minimum denominations, not listed on any exchange, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An example estimated value is $991.40 per $1,000 note, with a minimum final estimated value of $960.00 per $1,000.
JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the least performing of Tesla, General Motors and Ford common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a five-year term, maturing on February 28, 2029, with a potential automatic call on February 26, 2027.
The notes are issued in $1,000 minimum denominations. If, on the Review Date, each stock closes at or above 100% of its initial value, the notes are automatically called at $1,000 plus a Call Premium Amount of at least $697. If not called and all final stock prices exceed initial values, investors receive an uncapped 3.00x leveraged return on the least performing stock.
If the final value of any stock is at or above 55% of its initial value, principal is returned at maturity. If any stock finishes below this barrier, repayment is reduced one-for-one with the least performing stock’s loss, and investors can lose most or all principal. The notes pay no interest, provide no dividends, are unsecured and unsubordinated, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If priced on the example date, the estimated value would be about $942.70 per $1,000 note, and at issuance it will not be less than $910.00, reflecting selling commissions, structuring and hedging costs.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes linked to the Bloomberg Commodity Index, maturing March 3, 2031. These unsecured notes target at least 1.73x any Index gain at maturity, with a barrier set at 75% of the Initial Value.
If the Index rises, investors receive $1,000 plus leveraged upside. If the Index finishes at or above the 75% barrier but not higher than the Initial Value, only principal is returned. Below the barrier, repayment drops one-for-one with the Index and can fall to zero, so investors may lose most or all principal.
The notes pay no interest, are issued in $1,000 minimum denominations, are not exchange-listed, and depend on the credit of JPMorgan Financial and JPMorgan Chase & Co. An indicative estimated value is about $944.80 per $1,000 today and will not be less than $920.00 when finalized, reflecting embedded selling commissions, hedging costs, and an internal funding rate. The notes reference an excess return commodity futures index, not spot commodity prices, and may be accelerated upon a commodity hedging disruption event.
JPMorgan Chase Financial Company LLC plans to issue Auto Callable Buffered Return Enhanced Notes linked to the KOSPI 200 Index, fully guaranteed by JPMorgan Chase & Co. The notes offer a potential automatic call on February 25, 2027 at par plus a Call Premium of at least $200 per $1,000 note if the Index is at or above the Initial Value.
If not called and the Index rises, holders receive 1.25 times the Index gain at maturity, subject to a 15% downside buffer. Beyond that buffer, investors lose 1% of principal for each additional 1% Index decline, up to an 85% loss. The notes pay no interest or dividends, are unsecured, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If priced on the stated date, the estimated value would be about $976.70 per $1,000 note and will not be less than $950.00.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Dual Directional Buffered Return Enhanced Notes linked to the lesser performing of the Dow Jones Industrial Average and the S&P 500 Index, maturing in February 2028.
The notes offer uncapped upside of at least 1.0025 times any positive return when both indices rise, and a dual-direction feature that can pay up to a 15% gain if the lesser-performing index is flat or down by up to 15%. A 15% buffer absorbs only the first 15% of losses; if either index falls by more than 15%, principal is reduced 1% for each additional 1% drop, with up to 85% loss of principal possible. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, have $1,000 minimum denominations, and an indicative estimated value of about $988.20 per $1,000, not less than $950. Secondary market liquidity and pricing may be limited and below the issue price.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Class A common stock of Palantir Technologies Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes can pay a high contingent coupon of at least 20.00% per year, paid monthly, but only if Palantir’s share price on each review date is at or above 60.00% of its initial level. Starting with the sixth review date, the notes are automatically called early if Palantir’s share price is at or above the initial level, returning principal plus that period’s coupon.
If the notes are not called and Palantir’s final share price is below 50.00% of the initial level, investors lose principal in line with the stock’s decline and can lose their entire investment. The notes are unsecured obligations subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, will not be listed on an exchange, and have an estimated value below the $1,000 price due to selling commissions, structuring, and hedging costs.
JPMorgan Chase Financial Company LLC is offering capped buffered return enhanced notes linked to the Russell 2000 Index, maturing on April 1, 2027. The notes provide 1.10 times any index gain at maturity, up to a maximum return of at least 19.40%.
There is a 10% downside buffer; if the index falls more than 10%, investors lose 1% of principal for each additional 1% decline, up to a 90% loss. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and have a minimum denomination of $1,000. If priced on the indicated date, the estimated value would be about $988.30 per $1,000 note, and the final estimated value will not be less than $900.00 per $1,000.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes linked to the lesser performance of the iShares® MSCI EAFE ETF and the EURO STOXX 50® Index, maturing on February 25, 2031.
At maturity, if both underlyings finish above their initial values, investors receive $1,000 plus at least 2.1925× the return of the lesser-performing underlying. If either underlying finishes at or below its initial value but at or above 65% of its initial value, principal is returned. If either finishes below 65% of its initial value, repayment is reduced one-for-one with the loss on the lesser-performing underlying, and investors can lose all principal.
The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not bank deposits or FDIC insured. An indicative estimated value is cited at approximately $971.20 per $1,000 note, with the final estimated value not less than $940.00 per $1,000 note, reflecting structuring, hedging costs and selling commissions.
JPMorgan Chase Financial Company LLC is offering Capped Buffered Return Enhanced Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are unsecured, unsubordinated obligations and expose holders to the credit risk of both entities.
The notes run to an expected maturity date of April 1, 2027, with the index observed on March 29, 2027. At maturity, investors receive 1.10 times any positive S&P 500® return, up to a maximum return of at least 13.25%. A 10% buffer protects against moderate declines, but losses increase 1% for each additional 1% drop beyond that, up to a 90% principal loss.
The notes pay no interest, provide no dividends from S&P 500® stocks, and will not be listed on an exchange, so liquidity may be limited. The per-note price is $1,000, while the issuer estimates the initial economic value at approximately $989 per $1,000, and states it will not be less than $900 per $1,000, reflecting embedded structuring and hedging costs.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured Uncapped Accelerated Barrier Notes linked to an unequally weighted basket of three equity indices: 65% S&P 500® Futures Excess Return Index, 25% MSCI EAFE® Index and 10% MSCI Emerging Markets Index.
The notes have a $1,000 minimum denomination, no interest or dividends, and mature on February 19, 2031. At maturity, if the basket is above its initial level, investors receive $1,000 plus the basket gain multiplied by an upside leverage factor of at least 1.8575, giving uncapped participation in appreciation. If the basket is flat or down but not below 80% of its initial value, principal is returned.
If the final basket value falls below the 80% barrier, repayment is reduced 1% for every 1% decline in the basket, so a 60% drop would return $400 per $1,000 and a 100% drop would result in total loss. The preliminary estimated value is approximately $978.90 per $1,000, and will not be less than $940.00, reflecting embedded costs and hedging. The notes are unsecured, subject to the credit risk of both the issuer and guarantor, will not be listed on any exchange, and may have limited or no secondary market liquidity.
JPMorgan Chase Financial Company LLC is offering Trigger Absolute Return Autocallable Notes linked to the Class B common stock of United Parcel Service, Inc., maturing on or about February 17, 2028. These unsecured notes are fully and unconditionally guaranteed by JPMorgan Chase & Co.
The Notes are issued at $10 per Note, with a minimum investment of $1,000. They may be automatically called quarterly if UPS’s closing price is at or above the Initial Value, in which case investors receive the principal plus a call return based on a rate of at least 16.00% per annum, with example call prices ranging from $10.40 to $13.20 per $10 Note.
If the Notes are not called and UPS’s final price is at or above the Downside Threshold of $82.65, equal to 70.00% of the Initial Value of $118.07 observed on February 12, 2026, investors receive principal plus a “Contingent Absolute Return,” equal to the absolute percentage decline from the Initial Value. If the final price is below the Downside Threshold, repayment is reduced in proportion to UPS’s loss, and investors can lose a significant portion or all of principal.
The Notes do not pay interest and all payments depend on the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. Selling commissions to UBS Financial Services Inc. are up to $0.15 per $10 Note, and the estimated value is approximately $9.617 per $10 Note, and will not be less than $9.30, reflecting structuring and hedging costs.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,079,000 of Review Notes linked to the Russell 2000 Index, Nasdaq-100 Index and State Street Utilities Select Sector SPDR ETF, each in $1,000 denominations, maturing on February 14, 2030.
The notes offer automatic call opportunities starting February 16, 2027, with call premiums beginning at 11% and rising to 44% of principal, but pay no interest or dividends and expose holders to losses beyond 30% of principal—and potentially all principal—if the worst-performing underlying finishes below a 70% barrier at maturity. The price to public is $1,000 per note, with estimated value of $924.60.
JPMorgan Chase & Co. is issuing $3,140,000 of callable fixed rate notes due February 13, 2031. The notes pay fixed interest at 4.35% per annum, with interest paid annually in arrears on February 13, starting February 13, 2027, using a 30/360 day count.
The issuer may redeem the notes early, in whole but not in part, on February 13 and August 13 of each year from 2028 through 2030 at par plus accrued interest. The notes are offered at $1,000 per note, with total proceeds to the issuer of $3,133,320 after $6,680 in selling commissions. They are unsecured obligations of JPMorgan Chase & Co., are not bank deposits or FDIC insured, and in a resolution scenario losses would be borne after equity but ahead of subsidiary creditors, meaning investors could recover less than principal and interest.
JPMorgan Chase & Co. is offering $10,000,000 of callable fixed-rate notes due February 13, 2046. The notes pay interest annually at a fixed rate of 5.35% per annum, using a 30/360 day count, with payments each February 13 starting in 2027.
The issuer may redeem the notes at par plus accrued interest, in whole but not in part, on February 13 and August 13 of each year from 2029 through 2045. At maturity, investors receive principal plus any accrued interest if the notes have not been called.
Each note is offered at $1,000, with fees and commissions of $29.15 per note, resulting in proceeds to the issuer of $970.85 per note, or $9,708,500 in total. The notes are unsecured obligations of JPMorgan Chase & Co., structurally junior to liabilities of its subsidiaries and subject to resolution strategies under the Dodd-Frank Act that could impose losses on noteholders in a failure scenario.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Dual Directional Barrier Notes linked to the State Street SPDR S&P 500 ETF Trust (SPY), maturing on February 17, 2028, in $1,000 minimum denominations.
The notes provide unleveraged exposure to SPY: investors participate in upside at maturity based on the fund’s return, capped at a Maximum Upside Return of at least 18.75%. If SPY is flat or down but not below 80% of the strike, investors receive the absolute value of the fund’s negative return, up to 20%, for a maximum negative-side payoff of $1,200 per $1,000 note.
The strike is the SPY closing price on February 12, 2026 of $681.27, and the barrier is 80% of that level. If the final SPY value falls below the barrier, principal is exposed one-for-one to losses and can be fully lost. The notes pay no interest or dividends and are unsecured obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. An indicative estimated value example is $964.70 per $1,000 note, and the final estimated value will not be less than $940.00, reflecting selling commissions, hedging costs and issuer funding assumptions. Liquidity may be limited as the notes are not exchange-listed.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable dual directional barrier notes linked to the least performing of an iShares software ETF, a State Street energy ETF and the Nasdaq-100 Index. The notes have a $1,000 minimum denomination, may be automatically called on February 23, 2027 for $1,000 plus a call premium of at least $296.50 per $1,000, and otherwise mature on February 23, 2029.
At maturity, if not called, investors get uncapped exposure to gains in the least performing underlying, or up to a 40% positive return when that underlying has declined but stays above a 60% barrier. If any underlying finishes below its 60% barrier, principal losses are 1-to-1 and can reach 100%. The notes pay no interest or dividends, are unsecured, and expose investors to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An example estimated value is $964.60 per $1,000 note, with a minimum estimated value at pricing of $900.00.
JPMorgan Chase & Co. is offering $21,969,000 of callable step-up fixed rate notes due February 12, 2038. The notes pay annual interest in arrears, starting at 4.50% per annum from February 13, 2026 to February 13, 2029, then 5.25% to 2032, 5.50% to 2035 and 6.50% to maturity.
JPMorgan may redeem the notes in whole, but not in part, on February 13 and August 13 of each year from 2028 through 2037 at par plus accrued interest. The price to the public is $1,000 per note, with proceeds to the issuer of $989.916 per $1,000 after fees and commissions.
The notes are unsecured obligations of JPMorgan Chase & Co. and would rank junior to creditors of its subsidiaries in a resolution scenario under U.S. bankruptcy or Dodd-Frank orderly liquidation frameworks. They are not bank deposits, are not FDIC insured and carry specific tax and structural risks described in the accompanying documents.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering medium-term digital equity notes due September 10, 2027 linked to the MSCI EAFE Index. Each note has a $1,000 principal amount and pays no interest.
At maturity, if the index is at least 90% of its initial level, investors receive a fixed threshold settlement amount, expected between $1,114.40 and $1,134.50 per $1,000. If the index falls more than 10%, losses are magnified: every 1% drop beyond that 10% buffer cuts principal by about 1.1111%, up to total loss.
The preliminary estimated value is expected between $976.50 and $986.50 per $1,000, reflecting structuring and hedging costs. The notes are unsecured obligations subject to JPMorgan credit risk, are not FDIC insured, will not be listed on an exchange, and expose investors to foreign equity and currency risk through the MSCI EAFE index.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering principal-at-risk Enhanced Jump Securities with an auto-call feature linked to the worse of the Russell 2000® and S&P 500® indices.
The notes may auto-redeem after about one year if both indices close at or above their initial levels, paying at least $1,101.50 per $1,000 note (about 10.15% per year). If held to the February 17, 2028 maturity and both indices stay at or above 70% of their initial levels, investors receive at least $1,203.00 per note.
If either index finishes below its 70% downside threshold (1,831.081 for the Russell 2000® and 4,782.932 for the S&P 500®), the payoff is reduced one-for-one with the decline of the worse index, down to zero. The notes do not pay coupons, do not participate in index gains and are unsecured obligations subject to the credit risk of the issuer and guarantor. The indicative estimated value is about $985.00 per $1,000 note and will not be less than $960.00 at pricing.
JPMorgan Chase Financial Company LLC is offering $552,000 of Auto Callable Contingent Interest Notes linked to the least performing of NVIDIA, Broadcom, Palantir and Tesla, maturing on February 14, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a contingent coupon of $17.2083 per $1,000 each month (a 20.65% per annum rate) only if on a Review Date every stock closes at or above 60% of its initial value. Missed coupons can be paid later if conditions are again met.
The notes may be automatically called as early as August 11, 2026 if each stock is at or above its initial value, returning $1,000 plus due coupons. If held to maturity and any stock finishes below 50% of its initial value, repayment is reduced one-for-one with that decline, and investors can lose most or all principal.
The notes are unsecured obligations exposed to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to the public is $1,000 per note, while the estimated value at pricing is $915.80 per $1,000, reflecting selling commissions and hedging and structuring costs.
JPMorgan Chase & Co. is offering senior unsecured callable fixed-rate notes that pay 5.65% per annum on a $1,000 denomination, using a 30/360 day count. Interest is paid annually in arrears on February 13, starting in 2027, until the February 13, 2046 maturity date, unless the notes are redeemed earlier.
Beginning February 13, 2028, and on each February 13 and August 13 through 2045, the issuer may call the notes at par plus accrued interest, in whole but not in part. The price to the public is generally $1,000 per note, with selling commissions of $7.485 and issuer proceeds of $992.515 per note.
The notes are unsecured obligations of JPMorgan Chase & Co., structurally subordinated to obligations of its subsidiaries, and are not FDIC insured. Under the firm’s preferred and regulatory resolution strategies, holders of these notes could face losses ahead of subsidiary creditors in a bankruptcy or Title II resolution.
JPMorgan Chase & Co. is issuing $3,250,000 of callable fixed-rate notes paying 5.425% per year and maturing on January 30, 2051. Investors receive annual interest, with payments each February 13 starting in 2027, and repayment of principal at maturity if the notes have not been called.
Beginning February 13, 2030, and on specified dates each February, May, August and November through 2050, JPMorgan may redeem the notes at par plus accrued interest. The notes are unsecured obligations structurally junior to subsidiary creditors, so in a stress or resolution scenario noteholders could face losses. The public offering price is $1,000 per note, with total proceeds to the issuer of $3,180,500 after selling commissions.
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., and scheduled to mature on February 25, 2031.
Holders may receive a contingent interest payment on each Review Date only if the Index closes at or above 85% of its initial level, with missed interest potentially paid later when the barrier is met. The notes can be automatically called beginning February 22, 2027 if the Index is at or above its initial level, returning principal plus applicable interest.
If the notes are not called and the final Index level is below the 85% buffer threshold, principal is reduced 1% for each 1% decline beyond the 15% buffer, up to an 85% loss. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which drag on performance. The estimated value is approximately $921 per $1,000 note, and will not be less than $900 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent buffered return enhanced notes linked to the S&P 500® Index. The notes are unsecured, unsubordinated obligations with minimum denominations of $10,000 and multiples of $1,000.
The notes may be automatically called on February 23, 2027 if the S&P 500 closing level is at or above the Index Strike Level of 6,941.81, paying $1,000 plus a 10.17% call premium per note. If not called and held to the February 15, 2028 maturity, investors receive 1.5x any positive index return without a cap.
A 20% contingent buffer protects principal if the index falls by up to 20% from the strike; below that, losses are 1% of principal for each additional 1% decline, up to total loss. The price to public is $1,000 per note, including $15 in fees, while the estimated value is $979.80. Investors forgo interest and index dividends and face credit, market, liquidity, reinvestment, valuation and tax risks.
JPMorgan Chase Financial Company LLC is offering unsecured, capped notes linked to the common stock of Tesla, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run from an expected issue date around February 25, 2026 to maturity on February 25, 2031.
Investors receive 100% participation in Tesla’s price gains between the initial and final valuation dates, but upside is capped through a maximum additional amount of at least $1,060 per $1,000 note, producing a maximum hypothetical payment of $2,060. If Tesla ends at or below the initial level, the payout is $1,000 plus stock return, with a minimum of $950 per $1,000, so up to 10% of principal is at risk.
The notes pay no interest, pass through no Tesla dividends, and are not bank deposits or FDIC insured. An indicative estimated value is about $973.40 per $1,000 today, and will not be less than $940 per $1,000 at pricing, reflecting embedded fees, hedging costs and JPMorgan’s internal funding rate.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing capped buffered enhanced participation equity notes linked to the MSCI EAFE Index, maturing on April 7, 2028. Each note has a $1,000 principal amount and pays no interest.
At maturity, investors get 1.60x any index gain, capped at a maximum settlement amount expected between $1,252.96 and $1,297.60 per $1,000 note. A 15% buffer protects against moderate index declines, but beyond that losses are magnified by about 1.1765x and principal can be fully lost.
The original issue price is 100% of principal with no underwriting commission; estimated value is expected between $979.10 and $989.10 per $1,000. The notes will not be listed, are subject to JPMorgan credit risk, and face complex, uncertain U.S. tax treatment.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $500,000 of Capped Accelerated Barrier Notes linked to Amazon.com, Inc. common stock, maturing April 15, 2027. The notes offer 1.80x upside exposure, capped at a 38.60% maximum return ($1,386 per $1,000 note).
The Strike Value is $206.96, with a Barrier Amount at 80% of the Strike Value. If the final stock price is at or above the Barrier Amount, investors receive at least their principal; if it falls below, losses match the stock decline and can reach 100% of principal.
The notes pay no interest or dividends and are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to the public is $1,000 per note, while the estimated value at issuance is $989.50, reflecting embedded structuring and hedging costs.
JPMorgan Chase Financial Company LLC is offering $1,794,000 of Uncapped Dual Directional Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on August 16, 2028 and are issued in $1,000 minimums.
At maturity, investors get 1.225x any positive index return, or a positive return equal to the absolute value of losses up to a 15% decline, capping gains at 15% when the index is down. Beyond a 15% decline, principal losses increase 1:1, up to 85% of principal.
The notes pay no interest, are unsecured and unsubordinated, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, while the estimated value at pricing was $984.90, reflecting embedded fees, commissions and hedging costs, and secondary market liquidity may be limited.
JPMorgan Chase Financial Company LLC is offering $936,000 of Uncapped Dual Directional Buffered Return Enhanced Notes linked to the lesser performing of the Dow Jones Industrial Average® and the Nasdaq-100 Index®, maturing on February 15, 2029 and guaranteed by JPMorgan Chase & Co.
The notes provide 1.2425 times any appreciation of the lesser performing index at maturity, with no upside cap. If the lesser index is flat or down by up to the 15.00% buffer, investors receive a positive return equal to the absolute decline. If the lesser index falls by more than 15.00%, principal is reduced 1% for each percentage point beyond the buffer, up to an 85.00% loss.
The notes pay no interest or dividends, are unsecured and unsubordinated, and will not be listed on an exchange, so liquidity may be limited. The price to public is $1,000 per note, while the estimated value at pricing is $977.50, reflecting selling commissions, structuring and hedging costs.
JPMorgan Chase Financial Company LLC is offering $8,196,000 of Uncapped Dual Directional Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay no interest and return at maturity depend entirely on the index. If the index rises, investors receive 1.65 times the index gain, with no upside cap. If the index is flat or down by up to 10%, investors receive the absolute value of that move as a positive return, up to a 10% gain. If the index falls by more than 10%, principal is reduced 1% for each additional 1% decline, so losses can reach 90% of principal. The notes are unsecured, will not be listed, have an estimated value of $982.50 per $1,000 at pricing, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering $5,730,000 of Capped Buffered Return Enhanced Notes linked to the Dow Jones Industrial Average and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on February 14, 2031.
At maturity, investors receive 1.0155 times any gain of the lesser-performing index, capped at a 100% maximum return, or $2,000 per $1,000 note. A 25% downside buffer applies; beyond that, investors lose 1% of principal for each additional 1% drop in the lesser index, up to a 75% maximum loss.
The notes pay no interest, offer no dividends, are unsecured, and are subject to the credit risk of both issuers. The price to public is $1,000 per note, including $41.25 in selling commissions, versus an estimated value of $946.10, highlighting embedded costs and potential secondary-market discounts.
JPMorgan Chase Financial Company LLC is offering auto callable buffered return enhanced notes linked to the common stock of NVIDIA Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a minimum denomination of $1,000 and are unsecured, unsubordinated obligations subject to the issuers’ credit risk.
The notes may be automatically called on February 25, 2027 if NVIDIA’s share price is at or above the Call Value, paying $1,000 plus at least $193 per note, with no further payments. If not called and NVIDIA rises, investors receive 2.00 times the stock’s positive return at maturity. A 15.00% downside buffer applies, but if NVIDIA falls by more than this, investors can lose up to 85.00% of principal.
The preliminary estimated value is about $975.80 per $1,000 note and will not be less than $950.00 when finalized, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes pay no interest or dividends, will not be listed on an exchange, and secondary market prices are expected to be below the issue price.
JPMorgan Chase Financial Company LLC is offering $1,536,000 of Uncapped Buffered Return Enhanced Notes linked to the lesser performing of the Nasdaq-100 Index® and the S&P 500® Index, maturing on February 15, 2029, and fully guaranteed by JPMorgan Chase & Co.
At maturity, investors earn 1.02 times any positive return of the lesser performing index. A 20% downside buffer protects principal against moderate declines, but if either index falls by more than 20%, principal is reduced 1% for each additional 1% drop, up to an 80% loss.
The notes pay no interest or dividends, are unsecured and unsubordinated, and will not be listed on an exchange, so liquidity depends on J.P. Morgan Securities’ willingness to make a market. They are sold in $1,000 denominations at $1,000 per note, with an estimated value of $983.30 reflecting embedded fees and hedging costs.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Auto Callable Contingent Buffered Return Enhanced Notes linked to the EURO STOXX 50® Index in $10,000 minimum denominations.
The notes can be automatically called on the February 26, 2027 Review Date if the Index closes at or above the initial level, paying $1,000 plus a call premium of at least 13.41% per note. If not called and the Index finishes above its initial level on the February 14, 2028 Valuation Date, investors receive an uncapped, leveraged upside of at least 1.50 times any positive Index return.
If the notes are not called and the Index declines but not by more than the 25.00% contingent buffer, principal is returned at maturity on February 17, 2028. If the Index falls by more than 25.00%, repayment is reduced one-for-one with the Index loss, so investors can lose some or all of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both issuing and guaranteeing entities, are not listed on any exchange, and may trade below the $1,000 issue price; the estimated value is illustrated at approximately $978.40 per $1,000, with a minimum to be set no lower than $960.00.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped notes linked to the MerQube US Tech+ Vol Advantage Index maturing in February 2029. The notes return principal at maturity plus index-linked upside, capped at a maximum return of at least 26.00%.
Investors give up periodic interest and any dividends from the Invesco QQQ Fund and rely entirely on the maturity payout, subject to JPMorgan’s credit risk. The index embeds a 6.0% per annum daily deduction and a notional financing cost, which systematically drag on performance and can cause the index to lag similar strategies without these charges.
The index uses a volatility-targeting, leveraged exposure to the QQQ Fund, with exposure that can range from 0% to 500%, amplifying gains and losses. The preliminary estimated value is about $940.00 per $1,000 note and will not be less than $900.00 per $1,000, reflecting structuring, distribution and hedging costs that make secondary-market prices likely below the issue price.
JPMorgan Chase & Co. is offering $1,000,000 of Callable Fixed to Floating Rate Notes due February 13, 2046. The notes pay a fixed 12.00% per annum from issuance on February 13, 2026 through February 13, 2028, with interest paid quarterly.
After that, the rate becomes floating, resetting each Interest Period to (7.00% − the Benchmark Rate) × 1.35, with a floor (Minimum Interest Rate) of 0.00% per annum. The Benchmark Rate is initially Compounded SOFR, with detailed benchmark replacement mechanics if SOFR is discontinued or replaced.
JPMorgan may call the notes in whole, but not in part, on the 13th of February, May, August and November from February 13, 2028 to November 13, 2045, at par plus accrued interest. The public offering price is $1,000 per note, including a $35 fee, resulting in issuer proceeds of $965,000 before hedging. The notes are unsecured obligations of JPMorgan Chase & Co., subject to its resolution and bankruptcy frameworks, and involve complex interest-rate, market, benchmark transition and tax risks, including treatment as contingent payment debt instruments with a comparable yield of 5.41%.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering market-linked, auto-callable securities linked to the Class A common stock of Coinbase Global, Inc. The total offering size is $3,915,000, at $1,000 principal per security.
The notes pay a contingent coupon rate of 25.35% per annum, but coupons are only paid quarterly when Coinbase’s stock closes on or above the threshold price of $76.60, which is 50% of the starting price of $153.20. From May 2026 to November 2028, if the stock is at or above the call value of $137.88 (90% of the starting price) on a calculation day, the notes are automatically called at par plus the coupon.
If the notes are not called and Coinbase’s ending price on February 12, 2029 is below the threshold price, investors lose more than 50%, up to all, of principal, based on the stock return formula. The estimated value at issuance is $961.70 per security, below the $1,000 price to public, reflecting selling commissions, hedging costs and issuer funding assumptions. The securities are not bank deposits, are unsecured obligations and are not FDIC insured.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $750,000 of Auto Callable Yield Notes linked to the least performing of Amazon, NVIDIA and Palantir Class A shares, maturing on August 11, 2027.
The notes pay 16.70% per annum, or $13.9167 per $1,000 monthly, as long as they are outstanding. They may be automatically called as early as February 8, 2027 if each stock closes at or above its strike value, returning $1,000 plus the applicable interest payment.
If not called and any stock finishes below its Trigger Value of 50% of strike, repayment of principal is reduced one-for-one with the decline of the worst stock, and investors can lose more than half, up to all, of their principal. The notes are unsecured, unsubordinated obligations, have an estimated value of $979.10 per $1,000, will not be listed, and expose investors to both market risk in the three stocks and the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering Digital Contingent Buffered Notes linked to the Invesco QQQ Trust, Series 1. The notes have a one-year term, minimum denominations of $10,000, and are fully and unconditionally guaranteed by JPMorgan Chase & Co.
If the final QQQ share price is at or above the strike price of $600.64, or down by up to the 25% contingent buffer, investors receive a fixed “contingent digital return” of at least 8.62%, for a minimum payment of $1,086.20 per $1,000 note. If QQQ falls by more than 25%, principal is reduced 1% for each additional 1% decline, potentially resulting in a total loss.
The notes pay no interest or dividends and carry the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is about $984 per $1,000 note and will not be less than $970 when finalized, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is offering $2,142,000 of structured notes linked to the MerQube US Tech+ Vol Advantage Index, maturing February 14, 2031. The notes can be automatically called as early as February 16, 2027 if the Index closes at or above 85% of its initial level, paying back principal plus a preset call premium that steps up over 49 review dates to as high as 43.75% of principal on the final review date.
Investors forgo interest and dividends and face up to 85% loss of principal at maturity if the Index falls more than a 15% buffer. The Index itself uses dynamic leverage of 0%–500% with a 35% target volatility, but its performance is reduced by a 6.0% per annum daily deduction and a notional financing cost on an unfunded QQQ Fund position, so it will lag a similar index without these charges. Each $1,000 note is sold at $1,000, with estimated value $909.90, proceeds to the issuer of $958.50 per note, and all payments depend on the unsecured credit of JPMorgan Financial and the guarantee of JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering $2,530,000 of unsecured Return Notes linked to an unequally weighted basket of the S&P 500® Futures Excess Return Index, the STOXX® Europe 600 Index and the MSCI Emerging Markets Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay no interest and return at maturity $1,000 plus $1,000 multiplied by the basket return, so holders participate one-for-one in basket gains but can lose some or all principal if the final basket value is below the initial 100 level. Basket weights are set at maturity based on relative performance: 95% to the best-performing index, 5% to the second-best, and 0% to the worst. The price to the public is $1,000 per note, including $5 in selling commissions, while the issuer’s estimated value is $979.60, and the notes are not listed, exposing holders to credit, market, liquidity and complex tax and index-structure risks.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $300,000 of Uncapped Buffered Return Enhanced Notes linked to the lesser performer of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index, maturing on February 16, 2028.
The notes offer 1.694x leveraged upside on any gain of the lesser-performing underlying, with a 10% downside buffer. If either underlying falls more than 10%, principal is reduced one-for-one, up to a 90% loss at maturity. The notes pay no interest or dividends and are unsecured, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The initial price is $1,000 per note, with an estimated value of $979.70 due to embedded selling, structuring and hedging costs.