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 auto callable contingent interest notes linked to Alphabet Inc.’s Class A common stock. The notes pay a contingent coupon of $33.85 per $1,000 on each Review Date only if Alphabet’s share price is at or above the 80% barrier of $271.768.
If the stock closes at or above the $339.71 Stock Strike Price on any non-final Review Date, the notes are automatically called and repay principal plus the applicable coupon and any unpaid coupons. If, at maturity in February 2027, a Trigger Event has occurred (Final Stock Price below the 80% Trigger Level), investors lose 1.25% of principal for every 1% Alphabet has fallen beyond that 20% buffer, potentially losing all principal. Payments also depend on the credit of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped buffered equity notes linked to Alphabet Inc.’s Class C stock. The notes run to March 2, 2029 and give unleveraged exposure to Alphabet’s share performance.
Investors can gain stock-linked upside at maturity up to a maximum return of at least 72.00%, with a 15.00% downside buffer. If Alphabet falls more than 15%, principal losses match further declines, up to 85.00% loss of principal. The notes pay no interest or dividends, are unsecured, and carry the credit risks of both JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is about $940.00 per $1,000 note and will not be less than $920.00 when finalized.
JPMorgan Chase Financial Company LLC is offering digital buffered equity notes due October 27, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and pays no interest.
The notes are linked to an unequally weighted basket of five equity indices: EURO STOXX 50® (38%), TOPIX® (26%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%). The basket starts at a level of 100 and the final basket level is calculated from each index’s performance and weight.
If the final basket level is at or above the initial level, you receive a positive return, with a threshold settlement amount expected between $1,221 and $1,260 per $1,000 note, based on final terms. If the basket falls by up to 15%, you still receive your full principal. Below that 15% buffer, losses accelerate at about 1.1765% of principal for each additional 1% basket decline, and you could lose your entire investment. The preliminary estimated value at pricing is expected between $972.20 and $982.20 per $1,000 note.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,000,000 of capped notes linked to the lesser performer of the Russell 2000 Index and Invesco QQQ, Series 1, maturing on August 9, 2027.
The notes provide 100% participation in any positive performance of the weaker of the two underlyings, capped at a maximum return of 33.45%, for a maximum payment of $1,334.50 per $1,000 note. If either underlying finishes below its initial value, repayment falls dollar-for-dollar with the lesser performer but not below 90% of principal, so investors can lose up to 10%. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and are not bank deposits or FDIC insured. The price to the public is $1,000 per note, including $10 in selling commissions, while the issuer’s estimated value is $983.10 per $1,000 note.
JPMorgan Chase Financial Company LLC is offering $500,000 of Capped Accelerated Barrier Notes linked to the S&P 500® Total Return Index, maturing on April 8, 2027 and fully guaranteed by JPMorgan Chase & Co.
The notes provide 1.20x upside on any index gain, capped at a 14.40% maximum return, with a barrier at 80% of the strike level of 15,394.75. If the index closes below the barrier at maturity, investors lose principal on a one-for-one basis and can lose their entire investment. The notes pay no interest or dividends, are unsecured obligations, and carry the credit risk of both the issuer and guarantor. The estimated value at issuance is $992.30 per $1,000 note, reflecting structuring and hedging costs.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $520,000 of Digital Contingent Buffered Notes linked to the S&P 500® Index. Each $1,000 note pays a fixed 8.84% contingent digital return at maturity if the index does not fall more than 15% below the strike level.
If the index declines by more than 15%, investors lose 1% of principal for each 1% drop, potentially losing all principal. The strike level is 6,917.81, with maturity on February 19, 2027. The price to the public is $1,000 per note, with $10 in fees, $990 in proceeds to the issuer, and an estimated value of $986 per $1,000 note.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Microsoft Corporation.
The notes can pay a quarterly contingent interest of at least $27.275 per $1,000 principal if Microsoft’s share price on a review date is at or above a specified interest barrier. If Microsoft’s price on a non-final review date is also at or above the stock strike price, the notes are automatically called and investors receive $1,000 plus the applicable interest and any unpaid interest.
At maturity, if the notes have not been called and Microsoft’s final stock price is at or above 70% of the stock strike price, investors receive $1,000 plus the final contingent interest and any unpaid interest. If Microsoft’s final stock price is below this trigger level, repayment is reduced 1% for each 1% decline from the strike, exposing investors to losses greater than 30% and potentially a total loss of principal.
The preliminary estimated value is approximately $979.70 per $1,000 note, and will not be less than $960.00 per $1,000 when finalized, reflecting embedded selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Dual Directional Buffered Return Enhanced Notes linked to the lesser performer of the Nasdaq-100 Index® and the Russell 2000® Index, in $1,000 denominations.
The notes provide 1.50x leveraged upside on the lesser-performing index, capped at a Maximum Upside Return of at least 28%, and an absolute return on index losses up to a 10% buffer, allowing gains if either index is flat or down modestly. Beyond a 10% decline in either index, investors lose 1% of principal for each additional 1% drop, up to a 90% loss at maturity.
The preliminary estimated value would be approximately $967.10 per $1,000 note, and the final estimated value will not be less than $900. Investors forgo interest and dividends, face limited liquidity, and are exposed to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $755,000 of unsecured Buffered Digital Notes linked to the lesser performer of the S&P 500 Index and the Russell 2000 Index, maturing in February 2028.
The notes target a fixed 26.00% contingent digital return at maturity if each index finishes at or above its initial level; otherwise investors receive only principal back unless either index falls more than the 10.00% buffer. If that buffer is breached, losses match the decline beyond 10%, up to a 90.00% principal loss.
The notes pay no interest, provide no dividends, are not FDIC insured, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to the public is $1,000 per note, including fees, while the estimated value at pricing was $979.40.
JPMorgan Chase Financial Company LLC is issuing $943,000 of capped dual directional buffered equity notes linked to the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on August 9, 2027 and are issued in $1,000 minimum denominations.
At maturity, investors gain unleveraged upside exposure to S&P 500 appreciation up to a Maximum Upside Return of 9.65%, and to the absolute value of Index declines up to a 15% Buffer Amount. Beyond a 15% Index drop, principal is reduced 1% for each additional 1% decline, with up to 85% of principal at risk.
The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial, and are subject to the credit risk of both the issuer and JPMorgan Chase & Co. The price to public is $1,000 per note, including $22.25 in selling commissions, while the estimated value at pricing was $970.30 per $1,000 note.
JPMorgan Chase Financial Company LLC is offering $8,160,000 of Trigger Absolute Return Autocallable Notes linked to the Class C common stock of Dell Technologies Inc., maturing on February 8, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The Notes are issued in $10 denominations with quarterly automatic call features. If Dell’s share price is at or above the Initial Value on any Observation Date, investors receive the $10 principal plus $10 multiplied by a Call Return based on a 23.50% per annum rate. If not called, and the Final Value is at or above the Downside Threshold of $70.29 (60% of the Initial Value of $117.15), investors receive principal plus a Contingent Absolute Return equal to the absolute value of the percentage decline. If the Final Value is below the Downside Threshold, repayment is $10 × (1 + Underlying Return), which can mean a substantial or total loss of principal. The Notes pay no interest, are not listed on any exchange, carry issuer and guarantor credit risk, include $0.15 per $10 in selling commissions to UBS, and have an estimated value of $9.523 per $10 at pricing.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering auto-callable notes linked to the MerQube US Tech+ Vol Advantage Index, with a minimum denomination of $1,000 and scheduled maturity on February 18, 2031.
The Index dynamically adjusts exposure to an unfunded position in the Invesco QQQ Trust, Series 1, between 0% and 500%, and reflects a 6.0% per annum daily deduction plus a notional financing cost. The notes feature automatic call from 2027 onward, with a Call Premium Rate of at least 16.50% and a 60.00% barrier level at maturity. The estimated value at issuance will not be less than $880.00 per $1,000 note, and investors may lose a significant portion or all principal, with payments subject to JPMorgan credit risk.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Trigger Autocallable Contingent Yield Notes linked to the worst performer of the Russell 2000, S&P 500 and EURO STOXX 50 indexes over about three years.
The notes pay quarterly contingent coupons at a rate expected to be at least 11.00% per annum, but only if all three indexes are at or above 75% of their initial level on each observation date. The notes can be automatically called after six months if all indexes are at or above their initial levels, returning principal plus that quarter’s coupon.
Principal is protected only if, at maturity, every index stays at or above 60% of its initial level. If any index finishes below this downside threshold, repayment is reduced in proportion to the loss of the worst-performing index, up to a complete loss of principal. The minimum denomination is $10 per note (minimum investment $1,000). The indicative estimated value is about $9.79 per $10 note on pricing and will not be less than $9.40, reflecting structuring and hedging costs. Payments depend on the credit of JPMorgan Chase Financial and JPMorgan Chase & Co., and the notes are not FDIC insured.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Structured Investments Review Notes linked to the least performing of the S&P 500, Russell 2000 and EURO STOXX 50 indices, maturing on February 13, 2031.
The notes may be automatically called on scheduled Review Dates starting February 10, 2027 if each index is at or above its Call Value, paying $1,000 plus a Call Premium of at least 11.50% to 57.50% of principal, depending on the call date.
If the notes are not called and any index finishes below its 70% Barrier Amount, repayment is reduced dollar-for-dollar with the worst index’s loss, so investors can lose more than 30% and up to all principal. The notes pay no interest or dividends, have minimum denominations of $1,000, and an indicative estimated value of about $970 per $1,000, not less than $950.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, due February 13, 2031, in $1,000 denominations, fully and unconditionally guaranteed by JPMorgan Chase & Co.
Holders receive a monthly Contingent Interest Payment only when the Index is at or above 70% of its Initial Value, with a Contingent Interest Rate of at least 17.45% per annum. The notes are automatically called on quarterly review dates if the Index is at or above its Initial Value, with the earliest call date on August 10, 2026.
If the notes are not called and the Final Value is below 60% of the Initial Value, investors lose 1% of principal for each 1% Index decline, potentially up to a total loss. A 6.0% per annum daily deduction and up to 500% leveraged exposure to E-mini S&P 500 futures make Index performance path- and volatility-sensitive. If priced today, the estimated value would be approximately $933.90 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting selling costs, hedging and internal funding assumptions.
JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, subject to completion dated February 6, 2026. The notes pay monthly contingent interest only if the Index closing level on each Interest Review Date is ≥ 70.00% of the Initial Value (the Interest Barrier) and may be automatically called on quarterly Autocall Review Dates if the Index is ≥ the Initial Value; the earliest autocall date is August 10, 2026.
The Index is reduced by a 6.0% per annum daily deduction, the Contingent Interest Rate will be at least 14.00% per annum, and the estimated value at pricing is approximately $901.60 per $1,000 note (minimum estimated value $900.00). The notes are unsecured obligations of JPMorgan Financial and are fully and unconditionally guaranteed by JPMorgan Chase & Co.. Pricing is expected on or about February 10, 2026 with settlement on or about February 13, 2026.
JPMorgan Chase Financial Company LLC is offering $1,762,000 of Medium-Term Notes, Series A, "Digital Equity Notes" due April 7, 2027, linked to the S&P 500 Index and fully guaranteed by JPMorgan Chase & Co.
The notes pay no interest and are held to maturity for a digital-style payoff. If the S&P 500 final level on the April 5, 2027 determination date is at least 90% of the initial level of 6,882.72, investors receive a fixed $1,107.50 per $1,000 note, capping upside at about 10.75%.
If the index falls more than 10%, principal loss is leveraged: for each 1% decline beyond the 10% buffer, the loss is about 1.1111% of principal, up to a total loss. The notes are unsecured obligations exposed to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, pay no dividends or voting rights, are not listed on any exchange, and have limited liquidity.
The estimated value at pricing was $996.20 per $1,000 note, lower than the issue price due to structuring and hedging costs. The tax treatment relies on treating the notes as open transactions and is described as uncertain, with potential for adverse future IRS guidance.
JPMorgan Chase Financial Company LLC is offering auto callable structured notes linked to the J.P. Morgan Multi-Asset Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and is scheduled to mature on March 3, 2033.
The notes can be automatically called as early as March 2, 2027 if the Index closes at or above preset call levels, paying back $1,000 plus a call premium starting at at least 9.25% of principal and stepping up on later review dates. If never called and the Index ends above its initial level, investors receive uncapped upside at a 100% participation rate; if the Index is flat or down, they receive only principal at maturity.
The Index reflects a diversified, rules-based futures strategy across equities, bonds and commodities, reduced by a 1.00% per annum daily deduction$915.30 per $1,000 note and will not be less than $900.00 when finalized, below the price to public due to embedded costs.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent buffered equity notes linked to the S&P 500 Index. The notes may be automatically called on the review date if the index closes at or above the strike level, paying $1,000 plus a call premium of at least 10.10% per note.
If not called, and the ending index level is at or above the strike, holders receive $1,000 plus the greater of the index return or a contingent minimum return of at least 20.20%. A 20.00% downside buffer applies, but if the index ends more than 20.00% below the strike, principal is reduced one-for-one with index losses and can be fully lost. The estimated value at launch is approximately $977.50 per $1,000 note, and will not be less than $960.00 when finalized.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $665,000 of Capped Buffered Return Enhanced Notes linked to the Russell 2000® Index, in $1,000 denominations, maturing on August 9, 2027 after an observation on August 4, 2027.
The notes offer 1.50x upside exposure to any index gain, capped at a maximum return of 25.70%, for a maximum payment of $1,257 per $1,000 note. A 10% downside buffer protects against moderate declines, but investors may lose up to 90% of principal if the index falls more than 10%. The initial index level was 2,624.546 on the pricing date. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both entities, are not FDIC insured, and are not exchange‑listed, so liquidity may be limited. The estimated value at pricing was $995.10 per $1,000 note, reflecting structuring and hedging costs.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Dual Directional Accelerated Barrier Notes linked to the lesser performer of the Nasdaq-100 Index® and the S&P 500® Index, maturing on February 15, 2029.
The notes provide at least 1.01x leveraged upside if both indices finish above their initial levels, and a positive, but capped, return equal to the absolute decline of the lesser index (up to 30%) if each index stays at or above 70% of its initial level. If either index closes below 70% of its initial value, investors lose principal one-for-one with the lesser index’s loss and can lose their entire investment.
The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial, and are subject to the credit risk of both the issuer and guarantor. Minimum denomination is $1,000, with an indicative estimated value of about $977.80 per $1,000, and in any case not less than $900.00, reflecting embedded fees, hedging costs and dealer compensation.
JPMorgan Chase Financial Company LLC is offering structured notes linked to the J.P. Morgan Multi-Asset Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination, pays no periodic interest and matures on March 2, 2028.
At maturity, investors receive full principal repayment plus an Additional Amount tied to any positive Index Return, multiplied by a participation rate of at least 205%. If the Index ends at or below its initial level, only the $1,000 principal is repaid, so there is no upside in a flat or negative scenario.
The index is a rules-based “excess return” multi-asset strategy with a 1.00% per annum daily deduction, dynamic rebalancing and potential long and short futures exposure across equities, bonds and commodities. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. An indicative estimated value is approximately $966.50 per $1,000 note, and for tax purposes they are expected to be treated as contingent payment debt instruments with yearly original issue discount accrual.
JPMorgan Chase Financial Company LLC is offering structured Capped Dual Directional Buffered Return Enhanced Notes linked to the lesser performer of the iShares MSCI EAFE ETF and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide 1.50x leveraged upside on the lesser performing underlying, capped at a Maximum Upside Return of at least 21.75%, and a positive return equal to the absolute value of declines up to a 10% buffer. If the lesser performer falls more than 10%, principal losses match the decline beyond that buffer, up to a 90% loss at maturity.
The notes pay no interest or dividends, are unsecured and unsubordinated, and expose holders to the credit risk of both issuers. A hypothetical estimated value is $982.90 per $1,000 note, and the final estimated value will not be less than $900 per $1,000 principal amount.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured notes linked to the J.P. Morgan Multi-Asset Index, maturing in March 2029. The notes return full principal at maturity, subject to issuer and guarantor credit risk, plus an Additional Amount tied to index performance.
Investors receive no periodic interest and forgo dividends on underlying assets. Any upside is amplified by a participation rate of at least 305%, applied to the index return after a 1.00% per annum daily deduction embedded in the index. A hypothetical 10% index gain would generate about a 30.5% note return.
The minimum denomination is $1,000. If priced on the reference date, the estimated value would be about $954.50 per $1,000, and will not be less than $900. The notes are treated as contingent payment debt instruments for U.S. federal income tax purposes, requiring accrual of original issue discount before maturity.
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.
The notes may be automatically called on February 19, 2027 if the Index closes at or above the initial level, paying $1,000 plus a call premium of at least 15.00% per note on February 24, 2027. If not called, at maturity in February 2028 investors receive uncapped leveraged upside of at least 1.50x any positive Index return.
If the Ending Index Level is at or above the Initial Index Level, or down by up to the 20.00% contingent buffer, principal is returned. Below that buffer, losses match the Index decline, up to a complete loss of principal. The notes pay no interest or dividends, are unsecured, not FDIC insured, and are not exchange-listed. The preliminary estimated value is indicated around $970–$980 per $1,000, reflecting embedded costs and hedging.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Buffered Return Enhanced Notes linked to the S&P 500® Index, maturing on February 23, 2029. These unsecured notes target 2.00x any positive Index return, capped at a maximum return of at least 32.85%, or at least $1,328.50 per $1,000 note.
If the Index is flat or down by up to the 10.00% buffer, investors receive back principal at maturity. If the Index declines by more than 10.00%, repayment is reduced 1% for each additional 1% decline, up to a 90.00% loss of principal. The notes pay no interest, provide no dividends, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
The indicative estimated value is about $990.20 per $1,000 note, and the final estimated value will not be less than $960.00 per $1,000, reflecting structuring and hedging costs. The notes are not listed on an exchange, and any secondary market pricing is expected to be below the original issue price.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable notes linked to the S&P 500® Index with a $1,000 denomination (minimum investment $10,000). The notes may be automatically called on February 18, 2027 if the index closes at or above the strike level, paying $1,000 plus a call premium of at least 9.60%.
If not called and the index finishes above the strike on the February 7, 2028 valuation date, investors receive an uncapped leveraged upside of at least 1.50x the index gain. If the index is below the strike but within the 20.00% contingent buffer, the notes pay the absolute index loss as a positive return, up to a maximum of $1,200 per $1,000 when the index decline is 20%.
If the index closes more than 20.00% below the strike at maturity, principal is reduced 1-for-1 with the index loss, and investors can lose some or all of their money. The notes pay no interest or dividends, are unsecured obligations not listed on any exchange, and carry the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is about $980.50 per $1,000, and will not be less than $970.00 at pricing, reflecting embedded selling, structuring and hedging costs, as well as complex U.S. tax and potential Section 871(m) considerations.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing on August 17, 2028, in minimum denominations of $1,000.
The notes pay a monthly contingent interest rate of at least 9.25% per annum (at least $7.7083 per $1,000) only if on a review date each index is at or above 70.00% of its initial value. Starting with the August 13, 2026 review date, the notes are automatically called if each index closes at or above its initial value, returning $1,000 plus the applicable contingent interest, with no further payments.
If the notes are not called and on the final review date any index finishes below 70.00% of its initial value, investors lose 1% of principal for each 1% decline in the least performing index, potentially losing their entire investment. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is about $966.60 per $1,000 note, and the final estimated value will not be less than $900.00 per $1,000.
JPMorgan Chase Financial Company LLC is offering capped buffered equity notes linked to the lesser performer of the Dow Jones Industrial Average and the S&P 500 Index, maturing on February 13, 2031. The notes provide 1.00x upside on the weaker index, capped at a maximum return of at least 147.10% per $1,000 note.
Principal is protected only by a 25.00% downside buffer; if the lesser-performing index falls more than 25.00%, investors lose 1% of principal for each additional 1% decline, up to a 75.00% loss. The notes pay no interest or dividends and are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., with payments subject to their credit risk.
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., with a scheduled maturity on February 21, 2031.
The notes pay a monthly contingent coupon of at least 11.30% per annum (about 0.94167% per month) only when the Index on an Interest Review Date is at or above 60% of its initial level. Missed coupons can be paid later if the barrier is met on a future review date.
The notes may be automatically called quarterly starting February 17, 2027 if the Index is at or above its initial level, returning principal plus due and unpaid contingent interest. If held to maturity and not called, investors receive full principal only if the final Index level is at least 50% of the initial level; otherwise, repayment falls one-for-one with the Index decline, with the potential for a complete loss of principal.
The underlying MerQube Index uses leveraged exposure (up to 500%) to E-mini S&P 500 futures and is reduced by a 6.0% per annum daily deduction, which drags performance and can cause the Index to lag similar strategies without this fee. The notes are unsecured, unsubordinated obligations, not bank deposits, not FDIC insured, and their value is sensitive to JPMorgan’s credit. If priced on the described date, the estimated value would be about $934.30 per $1,000 note and will not be less than $900 at pricing.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering digital contingent buffered notes linked to the lesser-performing of the Russell 2000 Index and the S&P 500 Index. Each note has a $1,000 denomination and matures on July 19, 2027, using index levels averaged over July 8–14, 2027.
If the ending level of each index is at or above its strike level, or down by no more than the 30% contingent buffer, investors receive a fixed contingent digital return of at least 12.95%, capping the maximum payoff at $1,129.50 per $1,000 note. If either index falls more than 30% below its strike, principal is reduced 1-for-1 with the loss on the worse index, and all principal can be lost.
The preliminary estimated value is about $993 per $1,000 note and will not be less than $980, reflecting embedded selling commissions, structuring and hedging costs. The notes are unsecured obligations, not bank deposits or FDIC insured, have complex U.S. tax treatment, and are not designed for short‑term trading or assured liquidity.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked separately to the S&P 500 Index, the State Street Energy Select Sector SPDR ETF and the EURO STOXX 50 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to August 17, 2027, in $1,000 minimum denominations.
Holders receive a contingent interest payment only if on a Review Date the closing value of each underlying is at or above its Interest Barrier, set at 80% of its initial value. If any underlying is below its Trigger Value of 60% at final valuation and the notes have not been called, principal is reduced in line with the decline of the least performing underlying, potentially to zero.
The notes may be automatically called as early as August 12, 2026 if each underlying is at or above its initial value, repaying $1,000 plus due interest and any unpaid contingent amounts. A hypothetical contingent interest rate of 9.15% per annum (0.7625% per month) is illustrated, and if priced on the reference date the estimated value would be about $973.30 per $1,000, with a minimum estimated value at least $940. The securities are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., offer no dividends or fixed interest, may be illiquid, and carry complex tax and sector-specific risks.
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 Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, maturing in February 2031.
The notes pay a monthly contingent coupon of at least 7.50% per annum only when each index is at or above 75% of its initial level, and they may be automatically called quarterly starting in February 2027 if all three indices are at or above their initial values. If held to maturity and any index finishes below 70% of its initial level, investors’ principal is reduced one-for-one with the decline in the worst index, with the potential for a total loss.
The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., are not FDIC insured, and will not pay dividends from the underlying indices. Estimated value at pricing is expected to be below the $1,000 issue price, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated structured notes linked to the lesser performance of the Nasdaq-100 Index® and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about February 11, 2026, settle on or about February 17, 2026, and mature on February 15, 2029, in minimum denominations of $1,000.
At maturity, if both indices stay at or above their initial levels minus a 20% buffer, investors receive at least their principal; if both rise, they earn an uncapped return of at least 1.02 times the gain of the lesser-performing index. If either index falls more than 20%, principal is reduced 1% for each additional 1% decline in the lesser-performing index, up to a maximum 80% loss. The notes pay no interest, provide no dividends, carry significant market and liquidity risk, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is about $983.80 per $1,000 note, and the final estimated value will not be less than $900.00.
JPMorgan Chase Financial Company LLC is offering unsecured Uncapped Dual Directional Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, maturing on February 15, 2030 and fully guaranteed by JPMorgan Chase & Co.
At maturity, if the index rises, holders receive the $1,000 principal plus at least 1.5275× any positive index return. If the index is flat or down but not below 60% of its initial level, investors gain 50% of the index’s absolute decline, capped at a 20% maximum positive return ($1,200 per $1,000).
If the index finishes below the 60% barrier, principal is exposed 1-for-1 to the full negative index move, up to total loss. The notes pay no interest, are not FDIC insured, and their value depends on the credit of JPMorgan entities. The estimated value is about $980 per $1,000, and will not be less than $950 when finalized.
JPMorgan Chase Financial Company LLC is offering Contingent Income Auto-Callable Securities due February 16, 2029, linked to the common stock of Occidental Petroleum Corporation. Each security has a $1,000 stated principal amount and is fully and unconditionally guaranteed by JPMorgan Chase & Co.
Investors may receive a contingent quarterly payment of at least $26.50 per security (at least 2.65% of principal) on each determination date when OXY’s closing price is at or above 65% of the initial stock price, the downside threshold level. If OXY closes below that level on a determination date, no coupon is paid for that quarter.
If on any non-final determination date OXY’s closing price is at or above the initial stock price, the notes are automatically redeemed for $1,000 plus the applicable contingent payment, and no further coupons are paid. If not redeemed early and the final stock price is at or above the downside threshold, investors receive $1,000 plus the final contingent coupon at maturity.
If the notes are not called and the final stock price is below the downside threshold, the maturity payment equals $1,000 multiplied by the stock performance factor (final price divided by initial price), resulting in a loss of principal that can be total. The preliminary estimated value is about $960.70 per $1,000, and will not be less than $940.00 on the pricing date. The securities will not be listed on an exchange, do not pay regular interest, and do not pass through OXY dividends. U.S. tax disclosure indicates they are expected to be treated as prepaid forward contracts with associated contingent coupons.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may pay a contingent interest rate of at least 11.00% per annum when, on a Review Date, each index closes at or above 70.00% of its Initial Value. They are automatically called if, on specified Review Dates starting May 13, 2026, each index is at or above its Initial Value.
If the notes are not called and the least performing index finishes below its Trigger Value, investors lose 1% of principal for each 1% decline, potentially up to a total loss. An example shows a 40.00% index decline leading to a $600.00 repayment per $1,000 note.
The notes are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor, pay no dividends, are not exchange-listed and may have limited liquidity. The indicative estimated value is approximately $977.10 per $1,000 note and will not be less than $900.00, reflecting embedded costs and internal funding assumptions. U.S. tax treatment is based on a prepaid forward with contingent coupons and remains subject to future IRS guidance, with separate considerations and potential withholding for non-U.S. holders.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked separately to the Nasdaq-100, Russell 2000 and S&P 500 indices, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on August 12, 2027 and are issued in $1,000 minimum denominations.
Investors can receive a contingent monthly interest payment if on a Review Date each index closes at or above 70% of its initial level, with the rate to be at least 6.80% per annum. The notes may be automatically called as early as May 11, 2026 if each index is at or above its initial value, returning principal plus the applicable interest.
If the notes are not called and any index finishes below 70% of its initial level at maturity, principal is reduced 1% for each 1% index loss, potentially down to zero. The indicative estimated value is about $962.60 per $1,000 at pricing, reflecting embedded costs. The notes are unsecured, not FDIC insured, may be illiquid, and have complex U.S. tax and withholding implications, particularly for non-U.S. holders.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,740,000 of Uncapped Accelerated Barrier Notes linked to the S&P 500 Futures Excess Return Index, maturing in February 2034.
The notes offer 2.865x leveraged upside on any positive index performance at maturity, with no cap. If the final index level is at or above 70% of the initial level, investors receive full principal back. If it falls below 70%, principal loss matches the full index decline from the initial level, down to a total loss.
The notes pay no interest, are unsecured, not FDIC insured, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, while the issuer’s estimated value is $987.50, reflecting embedded selling, structuring and hedging costs. Liquidity may be limited because the notes will not be listed, and any secondary prices are expected to be below the original issue price.
JPMorgan Chase Financial Company LLC is offering $755,000 of Auto Callable Contingent Interest Notes linked to the Class A subordinate voting shares of Shopify Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a 13.00% per annum contingent interest rate (3.25% per quarter), or $32.50 per $1,000 note, only when Shopify’s closing share price on a Review Date is at or above the Interest Barrier of 50.00% of the Strike Value, which is $71.82. Missed interest can be paid later if the barrier is met on subsequent Review Dates.
The notes may be automatically called as early as April 29, 2026 if Shopify’s share price on a non-final Review Date is at or above the Strike Value of $143.64, returning $1,000 plus current and any unpaid contingent interest. If not called, and the Final Value on the January 29, 2029 final Review Date is below the Trigger Value (also 50.00% of the Strike Value), principal is reduced one-for-one with the stock loss, so investors can lose more than 50% and up to all of their principal.
Each note has a $1,000 price to the public, including $28.50 in selling commissions and other costs, leaving $971.50 in proceeds to the issuer. The total deal size is $755,000, with $733,482.50 in proceeds to the issuer, and the estimated value at pricing was $930.00 per $1,000 note. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., offer no dividends or voting rights in Shopify, and are expected to settle on or about February 9, 2026 with a scheduled maturity on February 1, 2029.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing in February 2033. Investors receive monthly contingent interest only when the Index is at or above 70% of its Initial Value, and the notes are automatically called quarterly if the Index is at or above the Initial Value, with the earliest call in August 2026. If the notes are not called and the Index ends below a 50% Trigger Value, principal is reduced one-for-one with the Index loss, potentially to zero. The Index embeds a 6.0% per annum daily deduction and can use up to 500% futures leverage, which can significantly drag performance. The indicative Contingent Interest Rate is at least 17.85% per year, but the estimated value is about $924 per $1,000 note due to fees, hedging costs and the issuer’s internal funding rate.
JPMorgan Chase Financial Company LLC is offering $943,000 of auto callable contingent interest notes linked individually to the Dow Jones Industrial Average, the Nasdaq-100 Technology Sector and the Russell 2000 Index, fully guaranteed by JPMorgan Chase & Co., maturing January 7, 2028.
The notes pay a contingent coupon at a 7.00% annual rate (0.58333% monthly) only when each index is at or above 70% of its initial level on a review date, and may be automatically called as early as May 4, 2026 if each index is at or above its initial level. If not called and any index finishes below 70% of its initial level at maturity, principal is reduced one-for-one with the loss in the worst-performing index, potentially to zero.
The price to the public is $1,000 per note, with selling fees of $22.25 and proceeds to the issuer of $977.75 per note. The estimated value at pricing is $956.00 per $1,000 note, reflecting embedded fees, hedging costs and JPMorgan’s internal funding rate. The notes are unsecured, subject to issuer and guarantor credit risk, and will not pay dividends on the underlying equities.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked individually to NVIDIA, Broadcom, Palantir and Tesla shares, maturing on February 14, 2031, in minimum denominations of $1,000.
The notes pay a monthly contingent coupon at a rate of at least 20.65% per annum (about $17.2083 per $1,000) only when each stock closes at or above 60% of its initial value. If all four stocks are at or above their initial values on certain review dates from August 11, 2026, the notes are automatically called and repay principal plus due interest. At maturity, if any stock is below 50% of its initial value, repayment is reduced one-for-one with the loss on the worst performer, and investors can lose most or all of principal. The estimated value is about $920.20 per $1,000 note, and will not be less than $900.00, and the notes are unsecured, subject to JPMorgan credit risk and offer no dividends or stock ownership rights.
JPMorgan Chase Financial Company LLC is issuing $770,000 of structured notes linked to the Nasdaq-100®, Russell 2000® and S&P 500® indices, fully and unconditionally guaranteed by JPMorgan Chase & Co., and scheduled to mature on February 7, 2031.
The notes may be automatically called on scheduled Review Dates starting in February 2027 if each index is at or above its initial level, paying $1,000 plus a fixed call premium of up to 65% on the final Review Date. If not called and any index finishes below 70% of its initial level at maturity, investors lose principal in line with the worst-performing index, potentially all of it.
The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both issuers, and are sold in $1,000 minimum denominations at $1,000 per note, with an estimated value of $974 reflecting embedded fees, hedging costs and dealer compensation.
JPMorgan Chase Financial Company LLC priced a $500,000 issuance of Uncapped Accelerated Barrier Notes linked to the lesser performing of the iShares® MSCI EAFE ETF and the EURO STOXX 50® Index, due February 9, 2034, with settlement expected on or about February 9, 2026.
The notes offer an uncapped return equal to 2.55× any appreciation of the lesser performing Underlying at maturity, a Barrier Amount set at 70.00% of initial value, and the potential for complete loss of principal if the lesser performing Underlying falls sufficiently. The notes are unsecured obligations of JPMorgan Chase Financial Company LLC and are fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes priced on February 4, 2026, carry a CUSIP of 46660JQT2, have minimum denominations of $1,000, and an estimated value at pricing of $963.90 per $1,000 principal amount.
JPMorgan Chase Financial Company LLC is offering $3,590,000 of Auto Callable Dual Directional Buffered Return Enhanced Notes linked to the least performing of the S&P 500, Russell 2000 and Nasdaq-100 indices, guaranteed by JPMorgan Chase & Co.
The notes may be automatically called on February 10, 2027, paying $1,112 per $1,000 note (an $112 call premium) if each index is at or above its initial level. If not called and all final index levels are above their initials, holders receive 1.5 times the least-performing index’s gain.
If final levels are flat or down by up to the 25% buffer, investors receive a positive “absolute return” on the worst index, up to $1,250 per $1,000 note. Below the 25% buffer, principal is reduced one-for-one with further declines, with as little as $250 returned if the worst index falls 100%.
The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both issuers, and will not be listed. The price to public is $1,000 per note, while the estimated value at pricing is $987.20, reflecting embedded selling, structuring and hedging costs and an internal funding rate.
JPMorgan Chase Financial Company LLC is offering $521,000 of auto callable contingent interest notes linked to Wayfair Inc. Class A shares, maturing February 1, 2029 and fully guaranteed by JPMorgan Chase & Co. Each $1,000 note can pay a contingent coupon at an annual rate of 16.15% if, on a given review date, Wayfair’s share price is at least 50% of the strike value.
The notes are automatically called, returning $1,000 plus due coupons, if Wayfair’s price on any non-final review date is at or above the strike. If not called and the final stock value is below the 50% trigger, principal is reduced one-for-one with the stock loss from the strike, potentially to zero. The issue price is $1,000 per note versus an estimated value of $917.70, reflecting embedded fees, structuring and hedging costs.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,000,000 of Auto Callable Contingent Interest Notes linked to the S&P 500®, EURO STOXX 50® and Russell 2000® indices, due August 9, 2027.
The notes pay a 9.80% per annum contingent interest rate (4.90% semiannually) only if on each Review Date every index closes at or above 70.00% of its Initial Value. Missed coupons can be paid later if the barrier is again met, but investors may receive no interest over the term.
The notes are automatically called if on a non-final Review Date all indices are at or above their Initial Values, returning principal plus due and unpaid contingent interest. If held to maturity and any index ends below its 70% trigger, repayment is reduced one-for-one with the loss in the worst-performing index, potentially down to zero.
The price to public is $1,000 per note, including $7.50 in selling commissions, for issuer proceeds of $992.50 per note. The estimated value at pricing was $977.70, reflecting embedded structuring, hedging and distribution costs. The notes are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor, will not be listed, and may have limited or illiquid secondary trading.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable dual directional buffered equity notes linked to the S&P 500® Index. Each note has a $1,000 denomination, with a minimum investment of $10,000.
The notes may be automatically called on February 18, 2027 if the Index is at or above the Index Strike Level of 6,798.40, paying $1,000 plus a call premium of at least 9.10%. If not called, at maturity on February 10, 2028 investors receive uncapped upside for any positive Index Return or a positive “dual directional” return for Index declines up to the 15.00% buffer.
If the Index falls more than 15.00%, principal is lost at a leveraged rate of 1.17647% for each additional 1% decline, potentially resulting in a substantial or total loss. The initial estimated value is about $980.00 per $1,000 note and will not be less than $970.00 when finalized.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable buffered return enhanced notes linked to the common stock of Microsoft Corporation. The notes have a strike price of $393.67, a 15% downside buffer and no interest or dividends.
If the Microsoft share price on the review date (February 18, 2027) is at or above the strike price, the notes are automatically called for $1,000 plus a call premium of at least 14.35%. If not called and the final stock price on the February 7, 2028 valuation date is at or above the strike price, investors receive uncapped, leveraged upside of at least 1.20x, subject to a contingent minimum return of at least 28.70%.
If the final stock price is below the strike price but down no more than 15%, principal is returned at maturity. If it is down more than 15%, investors lose 1.17647% of principal for each additional 1% decline, potentially losing some or all of their investment. The estimated value on pricing would be below the $1,000 issue price, reflecting selling commissions, hedging costs and issuer funding assumptions.