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 unsecured, unsubordinated structured notes linked to the lesser performance of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to March 2, 2029 and have minimum denominations of $1,000.
At maturity, investors receive an uncapped return of at least 1.83 times any gain in the lesser performing underlying, subject to a 10% downside buffer. However, if either underlying falls by more than 10%, principal is reduced one-for-one and losses can reach 90% of the invested amount.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped buffered return enhanced notes linked to the Nasdaq‑100 Index maturing on September 1, 2027.
The notes provide 1.50× exposure to any positive index return, capped at a maximum return between 15.50% and 17.00% per $1,000 note. A 10.00% downside buffer protects against modest declines, but if the index falls by more than 10.00%, investors lose 1% of principal for each additional 1% drop, up to a 90.00% loss.
The notes pay no interest or dividends and are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They will not be listed on any exchange, so liquidity will depend on dealer bids, which are expected to be below the $1,000 issue price. If priced on the indicative terms, the estimated value would be about $969.60 per $1,000 note and will not be less than $940.00 at pricing, reflecting embedded selling costs and hedging economics.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Dual Directional Buffered Return Enhanced Notes linked to the lesser performer of the S&P 500® and Russell 2000® indices, maturing on September 1, 2027.
The notes provide between 1.00x and 1.03x upside participation if both indices finish above their initial levels. If the lesser-performing index falls by up to the 10.00% buffer, investors receive a positive, uncapped return equal to the absolute decline, capped at a 10.00% gain in that downside scenario.
If either index declines by more than 10.00%, principal loss increases 1% for each additional 1% drop in the lesser-performing index, up to a maximum loss of 90.00%. The notes pay no interest or dividends and carry the unsecured credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
The issuer estimates the current value at approximately $971.70 per $1,000 note, and states the final estimated value will not be less than $950.00 per $1,000. Selling commissions may be up to $22.50 per $1,000. The notes will not be listed, and secondary prices are expected to be below the issue price.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index. The notes are priced on February 24, 2026, with a final review on February 24, 2031 and maturity on February 27, 2031.
The notes may automatically call on monthly review dates (excluding the first through eleventh and final dates) if the Index is at or above its initial value. They pay a contingent interest rate of at least 10.00% per annum (0.83333% per month) when the Index is at or above 75.00% of its initial value.
At maturity, if not called and the final Index value is at or above 70.00% of its initial value, investors receive principal plus any contingent interest. Below that 70.00% buffer threshold, repayment is reduced according to the Index loss beyond the 30.00% buffer, and investors can lose most of their principal. The Index reflects a 6.0% per annum daily deduction and a notional financing cost, and the estimated value of the notes will not be less than $900.00 per $1,000 principal amount, subject to the credit risk of the issuer and guarantor.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year, auto-callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index. The notes have a minimum denomination of $1,000 and target exposure to a Nasdaq-100–linked strategy via the QQQ Fund.
The notes pay a contingent interest rate of at least 8.00% per annum, credited monthly at a rate of at least 0.66667% when the index is at or above an interest barrier set at 80.00% of the initial value. Principal is protected only by a 30.00% buffer; if the final index value falls below 70.00% of the initial value, investors lose some or most of their principal at maturity.
The issuer states the estimated value will not be less than $900.00 per $1,000 principal amount, reflecting internal funding and hedging assumptions. Payments depend on the credit risk of both the issuer and guarantor, and investors do not receive dividends or voting rights from the QQQ Fund or its index.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index. The Index tracks a leveraged, volatility-targeted exposure to an unfunded position in the Invesco QQQ Trust, less a 6.0% per annum daily deduction and a daily notional financing cost.
The notes can pay a contingent monthly interest rate of at least 11.25% per annum (0.9375% per month) if the Index is at or above an interest barrier set at 70% of the Initial Value. They are subject to an automatic call if the Index is at or above its Initial Value on certain review dates, which would return principal plus the applicable interest and end the investment early. At maturity in March 2031, if not called, investors benefit from a 30% buffer, but below that threshold principal losses increase in line with Index declines, and some or most principal may be lost. All payments depend on the credit of the issuer and guarantor, and the estimated value at pricing will not be less than $900 per $1,000 principal amount.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index. The index references an unfunded position in the Invesco QQQ Trust and reflects a 6.0% per annum daily deduction plus a notional financing cost.
The notes pay a contingent interest rate of at least 9.25% per annum, credited monthly if the index stays at or above a specified interest barrier on review dates. They include an automatic call feature that redeems the notes early if the index is at or above its initial value on certain review dates.
At maturity, investors benefit from a 30% downside buffer but lose principal if the index falls more than this buffer below its initial value. The estimated value will not be less than $900 per $1,000 principal amount, and all payments depend on the credit of the issuer and guarantor. Extensive risk factors highlight potential loss of principal, uncertain interest, leverage and volatility risks in the index and QQQ Fund, liquidity limits, conflicts of interest, and complex tax treatment.
J.P. Morgan is offering 5-year, auto-callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index. The notes have a minimum denomination of $1,000, are issued by JPMorgan Chase Financial Company LLC and guaranteed by JPMorgan Chase & Co.
The notes can automatically be called quarterly after the first year if the index is at or above its initial level, paying back $1,000 plus the contingent interest for that quarter. They pay at least 9.50% per annum, in quarterly contingent coupons of at least 2.375%, only when the index is at or above 50% of its initial value on a review date. If held to maturity without being called and the final index level is at or above 50% of the initial level, investors receive $1,000 plus the final contingent interest. If the final level is below 50%, principal is reduced 1-for-1 with the index decline from the initial level, leading to losses greater than 50% and possibly a total loss. The index includes a 6.0% per annum daily deduction, and the estimated value at pricing will not be less than $900 per $1,000 note.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 5-year, non-call 1-year auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index (MQUSTVA), with a $1,000 minimum denomination.
The notes pay a contingent interest rate of at least 9.50% per annum, credited quarterly at a rate of at least 2.375%, but only if on a review date the index is at or above a 50.00% interest barrier. The same 50.00% level also serves as the trigger for principal protection at maturity.
If the notes are not automatically called and the final index value is below the trigger, repayment is reduced by 1% of principal for each 1% decline from the initial value, so investors can lose more than half, up to all, of their principal. The index incorporates a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund exposure, and the estimated value of each note on pricing will not be less than $900.00 per $1,000 principal amount, subject to JPMorgan’s credit risk.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Small-Cap Vol Advantage Index. The notes have a minimum denomination of $1,000 and target quarterly contingent interest of at least 13.50% per annum, paid at a rate of at least 3.375% per quarter if index conditions are met.
The Index uses leveraged futures on the Russell 2000 and applies a 6.0% per annum daily deduction. The notes can be automatically called quarterly if the index is at or above its initial level. Principal is protected only if, at maturity, the index is at or above 60.00% of the Initial Value; below that trigger, losses are one-for-one with the index decline and can reach a total loss. The estimated value at issuance will be at least $900 per $1,000 note, and all payments depend on the credit of the issuer and guarantor.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year auto-callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index. The notes have a $1,000 minimum denomination and reference an index that applies a 6.0% per annum daily deduction.
The notes pay a contingent interest rate of at least 13.50% per annum, or at least 3.375% per quarter, but only if on a review date the index is at or above 60% of its initial value. If on any review date (other than the first and final) the index closes at or above its initial value, the notes are automatically called and repay $1,000 plus that period’s contingent interest.
If not called, and the final index value is at or above the 60% trigger, investors receive $1,000 plus the final contingent interest. If the final value is below the trigger, repayment is reduced dollar-for-dollar with the index loss, leading to losses greater than 40% and potentially a total loss of principal. The estimated value will be at least $900 per $1,000 note, and investors face credit risk of both the issuer and guarantor, liquidity limits, complex index and futures exposure, and uncertain tax treatment.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., offers 3-year, North America Structured Investments "3yrNC6m MQUSLVA Auto Callable Contingent Interest Notes" linked to the MerQube US Large-Cap Vol Advantage Index.
The notes have a minimum denomination of $1,000 and offer a contingent interest rate of at least 12.50% per annum, paid quarterly at a rate of at least 3.125% per quarter, but interest is only paid if on a review date the index closes at or above a specified barrier level equal to 60% of the initial index value.
The notes can be automatically called on quarterly review dates (other than the first and final) if the index closes at or above its initial value, paying back principal plus the applicable contingent interest and ending further payments. If the notes are not called and, at maturity, the index is at or above the trigger value (60% of the initial value), investors receive principal plus the final contingent interest payment. If at maturity the index is below the trigger value, repayment is reduced by the full negative index return, so investors can lose more than 40% and up to all of their principal.
The index itself applies a 6.0% per annum daily deduction and uses leveraged exposure (up to 500%) to E-Mini S&P 500 futures. The estimated value of the notes on the pricing date will not be less than $900 per $1,000 of principal and may be lower than the price to the public. The filing highlights multiple risks including loss of principal, the possibility of no interest payments, limited liquidity, complex index behavior, leverage and futures risks, conflicts of interest, and the credit risk of both the issuer and guarantor.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year, auto-callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index (ticker MQUSTVA), which references the Invesco QQQ Trust with daily fees and financing costs.
The notes pay a contingent interest rate of at least 10.50% per year, or at least 2.625% per quarter, but only if on a quarterly review date the index is at or above 50% of its initial level; otherwise no interest is paid. Starting after the first year, if on a review date the index is at or above its initial level, the notes are automatically called and repay principal plus that period’s contingent interest.
At maturity in March 2031, if not called and the final index level is at or above 50% of its initial value, investors receive principal plus the final contingent interest payment. If the final level is below 50% of the initial value, repayment is reduced one-for-one with the index loss, leading to more than 50% principal loss and possibly total loss. The estimated value at pricing will be at least $900 per $1,000 note, and investors face credit risk of both issuing and guaranteeing entities, liquidity constraints, significant index fees, leverage in the index, and potential conflicts of interest.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year, quarterly-pay Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index. The notes have a $1,000 minimum denomination and an estimated value of not less than $900 per $1,000 note when set.
The notes pay a contingent interest rate of at least 13.50% per annum (at least 3.375% per quarter) only if the Index is at or above a barrier equal to 60% of its initial value on each review date. They may be called early if the Index is at or above its initial value on any review date other than the first and final.
If not called, and the final Index value is at or above the 60% trigger, investors receive principal plus the final contingent interest. If the final value falls below the trigger, repayment is reduced 1% for each 1% Index decline, and investors can lose more than 40% and up to all principal.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 3-year auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index. The notes pay a contingent interest rate of at least 12.50% per annum, credited quarterly, but only when the Index is at or above a set barrier on review dates.
The notes can be called early if the Index is at or above its initial level on certain quarterly review dates, returning principal plus that period’s interest. At maturity, if not called and the Index is below the 60% trigger level, repayment is reduced 1% for every 1% decline from the initial level, and all principal can be lost. Payments depend on the credit risk of both the issuer and guarantor, and the Index itself is reduced by a 6.0% annual fee and a notional financing cost.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing auto callable contingent interest notes linked to the Class A common stock of Palantir Technologies Inc. The notes target investors seeking high contingent income in exchange for equity-linked risk.
Holders may receive quarterly contingent interest of at least $43.50 per $1,000 (at least 17.40% per annum) if Palantir’s share price on a Review Date is at or above 50% of the Initial Value, the Interest Barrier. Missed coupons can be paid later if the condition is met.
The notes can be automatically called as early as August 10, 2026 if Palantir’s price on a Review Date (other than the first and final) is at or above the Initial Value, returning principal plus due coupons. If held to maturity and the final stock price is below the 50% Trigger Value, repayment is reduced one-for-one with Palantir’s decline, and investors can lose most or all of principal.
JPMorgan Chase Financial Company LLC is offering structured Review Notes linked to the least-performing of the S&P 500 Index, the Russell 2000 Index and the Dow Jones Industrial Average, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes can be automatically called on scheduled review dates if each index closes at or above its call value, paying back principal plus a fixed call premium. If never called, investors receive full principal at maturity only if no index has fallen more than the 15% buffer; beyond that, losses accelerate using a downside leverage factor of 1.17647, so principal can be significantly reduced. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, and have an estimated value initially below the $1,000 issue price per note.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Accelerated Barrier Notes linked to the S&P 500® Total Return Index, maturing on April 8, 2027. These unsecured notes provide 1.20x upside exposure to the index, capped at a maximum return of at least 14.40% (at least $1,144 per $1,000).
The Strike Value is 15,394.75, with a Barrier Amount at 80% of that level, or 12,315.80. If the final index level is above the Strike Value, payment increases with the index return, subject to the cap. If the final level is between the Barrier Amount and the Strike Value, investors receive only their principal back.
If the final index level is below the Barrier Amount, repayment falls one-for-one with the index decline, and investors can lose most or all of their principal. The notes pay no interest or dividends, have a minimum denomination of $1,000, will not be listed on any exchange, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. A preliminary estimated value is approximately $993.80 per $1,000 note, with the final estimated value to be at least $970.00.
JPMorgan Chase Financial Company LLC plans to issue auto callable contingent interest notes linked to the common stock of Constellation Energy Corporation, maturing on March 22, 2027, and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may pay monthly contingent interest at a rate of at least 7.85% per annum if the Constellation Energy share price on a review date is at or above 70% of the initial value. They can be automatically called starting August 17, 2026 if the share price is at or above the initial value on eligible review dates, returning principal plus the applicable interest payment.
If the notes are not called and the final share price is below the 70% buffer threshold, investors lose 1% of principal for each 1% decline beyond the 30% buffer, up to a 70% loss. The notes are unsecured obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and guarantor, with an estimated value of about $965.20 per $1,000 if priced on the example date.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Enhanced Participation Equity Notes linked to the S&P 500® Index, maturing on August 16, 2027. These notes pay no interest and are unsecured senior obligations.
At maturity, investors receive $1,000 times the S&P 500 return, multiplied by a 1.50 upside participation rate, but capped at a maximum settlement amount expected between $1,192.00 and $1,225.30 per $1,000. If the index finishes below its initial level, principal is lost on a 1-for-1 basis, down to a total loss.
The preliminary estimated value is expected between $972.10 and $982.10 per $1,000, reflecting selling commissions, hedging costs and structuring margins. The notes will not be listed, have no issuer redemption feature, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., as well as complex and uncertain U.S. tax treatment.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto-callable structured notes linked to the lesser performer of the S&P 500 Index and the iShares Russell 2000 ETF, maturing in March 2029.
The notes may be automatically called on review dates in 2027, 2028 or 2029 if each underlying is at or above its applicable call value, paying back principal plus a call premium of at least 9.75%, 19.50% or 29.25% of $1,000, respectively. If not called and either underlying finishes below a 70% barrier at final valuation, repayment is reduced one-for-one with the loss on the weaker index, and investors can lose most or all principal.
The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both issuers, have minimum denominations of $1,000, and are expected to be sold at $1,000 per note, with an estimated value initially around $950 and not less than $930 per $1,000.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $2,590,000 of auto callable accelerated barrier notes linked to the Russell 2000, S&P 500 and EURO STOXX 50, maturing on February 8, 2029.
The notes may be automatically called on February 8, 2027 if each index is at or above its Call Value, paying $1,000 plus a fixed $186 call premium per note. If not called, at maturity investors receive 1.5 times the gain of the least performing index if it finishes above its initial level, full principal back if all indices stay above a 70% barrier, and otherwise a loss matching the decline of the worst index. The notes pay no interest or dividends, are unsecured, subject to JPMorgan credit risk, may be hard to trade, and have an estimated value of $986 per $1,000 at pricing, below the $1,000 issue price.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector and the Russell 2000® Index, maturing on February 9, 2029.
The notes pay a monthly contingent interest rate of at least 10.25% per annum when, on a review date, each index closes at or above 70% of its initial value. If any index is below this interest barrier, no interest is paid for that period. The notes can be redeemed early at the issuer’s option on specified interest payment dates starting May 11, 2026, at $1,000 plus any due contingent interest.
At maturity, if the notes have not been redeemed and each index is at or above 60% of its initial value, investors receive $1,000 per note plus any final contingent interest. If any index finishes below its 60% trigger value, repayment is reduced one-for-one with the decline in the least performing index, and investors can lose more than 40% and up to all of their principal.
JPMorgan Chase Financial Company LLC is offering capped buffered return enhanced notes linked to the S&P 500® Index, maturing on September 1, 2027. The notes provide 1.50 times any positive index return at maturity, up to a maximum gain between 12.00% and 13.00%.
Principal is protected only by a 10.00% downside buffer. If the index falls more than 10.00%, investors lose 1% of principal for each additional 1% decline, up to a 90.00% loss. The notes pay no interest or dividends and are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The minimum denomination is $1,000. If priced on the date illustrated, the estimated value would be about $969.00 per $1,000 note, and will not be less than $940.00 at pricing. Secondary market liquidity is not assured, and secondary prices are expected to be below the original issue price.
JPMorgan Chase Financial Company LLC is offering unsecured Digital Barrier Notes linked to the lesser performance of the Russell 2000® and S&P 500® indices, fully and unconditionally guaranteed by JPMorgan Chase & Co.
At maturity on February 15, 2029, investors receive a fixed return of at least 25.20% per $1,000 note (a payment of at least $1,252) if the final level of each index is at or above 65.00% of its initial level. If either index finishes below this 65.00% barrier, the payoff switches to full downside exposure to the lesser performing index, so losses increase 1% for every 1% decline from its initial level and can reach a total loss of principal.
The notes pay no interest or dividends and will not be listed on an exchange. Estimated value, if priced on the reference date, is approximately $985.40 per $1,000 note, and will not be less than $950.00, while selling commissions can be up to $6.50 per $1,000 note. Any payment depends on the credit of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Buffered Return Enhanced Notes linked to the lesser performance of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index, maturing in March 2030.
The notes provide an uncapped gain of at least 1.74 times any positive return of the lesser performing underlying at maturity and a 10% downside buffer. If either underlying falls more than 10%, investors lose 1% of principal for each additional 1% decline, up to a 90% loss.
The notes pay no interest, provide no dividends or voting rights, and are unsecured, unsubordinated obligations subject to the credit risk of both issuers. A preliminary estimated value example is about $935.50 per $1,000 note, and the final estimated value will not be less than $900.00.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering market-linked securities tied to the lowest performing of the S&P 500 Index and the Nasdaq-100 Index, maturing on August 20, 2027, in $1,000 denominations.
At maturity, investors receive $1,000 plus index gains of the lowest-performing index, subject to a cap of at least 9.25% (maximum payment at least $1,092.50 per security). If that index finishes at or below its starting level but at or above 80% of its starting level, investors earn the absolute value of the index’s loss as a positive return, up to 20%.
If the lowest-performing index ends below 80% of its starting level, principal is reduced 1-for-1 beyond a 20% buffer, with losses up to 80%. The price to the public is $1,000, including up to $23.25 in selling commissions, and the indicative estimated value is about $966.50 per security. These unsecured notes are principal-at-risk and not FDIC insured, with complex tax treatment.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 3-year notes linked to the MerQube US Large-Cap Vol Advantage Index (MQUSLVA) in $1,000 minimum denominations. The index uses leveraged futures on the E‑Mini S&P 500 with exposure between 0% and 500% and includes a 6.0% per annum daily deduction.
The notes can be automatically called annually if the index is at or above its initial level, paying $1,000 plus a call premium of at least 26.50% per annum. If not called and the final index value is at or above 60% of the initial value, investors receive their principal back at maturity.
If the notes are not called and the final index value is below the 60% barrier, repayment is reduced one‑for‑one with the index loss, so investors can lose more than 40% and up to all principal. Payments depend on the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., and the estimated value at pricing will be at least $900 per $1,000 note.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Digital Barrier Notes linked to the lesser performance of the Russell 2000 Index and the S&P 500 Index, maturing in February 2030.
The notes provide uncapped upside at maturity based on the weaker index, with a contingent digital return of at least 46% when both indices finish at or above their initial levels and principal protection down to 75% of each index’s initial value. If either index closes below this barrier, investors lose principal in line with the lesser index’s decline and can lose their entire investment. The notes pay no interest or dividends, are unsecured, subject to issuer and guarantor credit risk, may be illiquid, and have an estimated value below the $1,000 issue price due to embedded fees and hedging costs.
JPMorgan Chase & Co. is offering $25,000,000 of callable fixed rate notes due February 4, 2036. The notes pay 5.00% annual interest, with payments each February 4 starting in 2027, calculated on a 30/360 day-count basis.
JPMorgan may redeem the notes at par plus accrued interest on February 4 and August 4 of each year from 2031 through 2035, in whole but not in part. Each note has a $1,000 principal amount, with a public offering price of $1,000, selling commissions of $1.50, and proceeds to the issuer of $998.50 per note. Investors bear unsecured creditor risk of JPMorgan Chase & Co. and are subject to resolution frameworks that could impose losses on noteholders ahead of subsidiary creditors and priority or secured claims.
JPMorgan Chase Financial Company LLC is offering unsecured Uncapped Digital Barrier Notes due February 14, 2029, linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices and fully guaranteed by JPMorgan Chase & Co.
The notes pay no interest and offer uncapped, unleveraged upside at maturity to any gain in the least performing index, with a contingent minimum return of at least 39.25% if each index finishes at or above its initial level. If any index finishes below its initial level but at or above 70% of that level, investors receive only principal back. If any index closes below 70% of its initial level, principal is reduced one-for-one with the decline in the least performing index, up to total loss. The estimated value is expected to be below the $1,000 issue price, and investors bear the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., as well as limited liquidity and complex tax treatment.
JPMorgan Financial is offering Uncapped Accelerated Barrier Notes maturing in February 2034, linked to the lesser performance of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index. These unsecured notes are fully and unconditionally guaranteed by JPMorgan Chase & Co.
At maturity, if both underlyings finish above their initial values, investors receive principal plus at least 2.55× the gain of the lesser performing underlying. If either underlying finishes at or below its initial value but both stay at or above 70% of initial, investors receive only their principal back.
If either underlying ends below 70% of initial, investors lose 1% of principal for each 1% decline of the lesser performer, potentially losing the entire investment. The notes pay no interest or dividends and are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
If priced today, the estimated value would be about $980 per $1,000 note, and at pricing it will not be less than $950 per $1,000, reflecting selling costs and hedging. The notes will not be listed, secondary liquidity depends on JPMS, and extensive risk and complex U.S. tax disclosure applies.
JPMorgan Chase Financial Company LLC is issuing $423,000 of auto callable contingent interest notes linked to the Class A common stock of Meta Platforms, Inc., due February 7, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a contingent interest rate of 12.00% per annum (3.00% per quarter) only for Review Dates when Meta’s closing price is at or above 60.00% of the Initial Value. Missed interest can be paid later if conditions are met. The notes may be automatically called as early as August 3, 2026 if Meta’s price on a Review Date (other than the first and final) is at or above the Initial Value.
If the notes are not called and Meta’s final price is below the 60.00% Trigger Value, investors lose 1% of principal for each 1% decline from the Initial Value and can lose their entire investment. The notes are unsecured, not FDIC insured, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not listed on an exchange and have limited liquidity. The price to public is $1,000 per note, with estimated value $987.30 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC is offering $295,000 of auto callable contingent interest notes linked to Alphabet Inc. Class A common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon of 12.15% per annum (3.0375% quarterly) only if Alphabet’s share price on a Review Date is at or above 70% of the Initial Value, the Interest Barrier.
The notes can be automatically called on any Review Date from August 3, 2026 (other than the first and final dates) if Alphabet’s share price is at or above the Initial Value, returning $1,000 per note plus the applicable interest, with no further payments. If not called and, at maturity on February 7, 2029, Alphabet’s price is below the 70% Trigger Value, investors lose 1% of principal for each 1% Alphabet has fallen, potentially losing the entire investment.
The minimum denomination is $1,000, and the estimated value at pricing was $957.50 per $1,000 note, below the $1,000 price to the public. The notes are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on any exchange.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the ordinary shares of Norwegian Cruise Line Holdings Ltd. These unsecured notes expose investors to both JPMorgan credit risk and NCLH share performance.
The notes pay a quarterly contingent interest rate of at least 15.00% per annum (at least $37.50 per $1,000) only when NCLH’s closing price on a Review Date is at or above the Interest Barrier of $17.19, equal to 75.00% of the Strike Value of $22.92. Missed coupons can be paid later if conditions are met.
The notes are automatically called if NCLH closes at or above the Strike Value on a non-final Review Date, returning $1,000 plus due and unpaid contingent interest. If held to maturity and the final stock price is below the Trigger Value of $11.46 (50.00% of Strike), principal is reduced one-for-one with the stock loss, and investors can lose most or all of their investment. The preliminary estimated value is approximately $940.00 per $1,000, reflecting embedded fees and hedging costs, and no exchange listing or principal protection is provided.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked individually to the S&P 500, EURO STOXX 50 and Russell 2000, fully guaranteed by JPMorgan Chase & Co., and expected to mature on August 9, 2027.
The notes may pay a contingent interest of at least 9.80% per annum, or at least $49 per $1,000 semiannually, but only if each index closes at or above 70% of its initial level on the relevant review date. The notes are automatically called, returning principal plus due interest, if on any non-final review date each index is at or above its initial value, starting as early as August 4, 2026.
If not called and any index finishes below 70% of its initial level at maturity, repayment is reduced in line with the worst-performing index, and investors can lose much or all of their principal. The notes are unsecured, not FDIC insured, not exchange-listed, and an initial estimated value example is $968.90 per $1,000, reflecting embedded fees and hedging costs.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Buffered Return Enhanced Notes linked to an equally weighted basket of the Nasdaq-100 Index and the S&P 500 Index, maturing on September 1, 2027.
The notes provide 2x leveraged upside on any basket gains, capped at a maximum return of at least 17.25%, with a 10% downside buffer. If the basket falls more than 10%, investors lose 1% of principal for each additional 1% decline, up to a 90% loss at maturity.
The notes pay no interest or dividends, are unsecured obligations of JPMorgan Chase Financial Company LLC, and carry the credit risk of both the issuer and guarantor. An example estimated value is $987.90 per $1,000 note, and the final estimated value will not be less than $900 per $1,000 note.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 5-year auto callable notes linked to the J.P. Morgan Multi-Asset Index (ticker MAX). The Index uses a momentum strategy across up to 10 futures-based indices, spanning equities, fixed income and commodities, with an initial volatility threshold of 4.0% and a 1.00% per annum daily deduction.
The notes have a $1,000 minimum denomination, a 100% participation rate, and annual review dates. If on any non-final review date the Index level is at or above the applicable Call Value, the notes are automatically called and pay $1,000 plus a Call Premium that will not be less than 8.75% per annum. If not called and held to maturity, holders receive full principal repayment and, if the Index is above its initial level, an additional return equal to the Index gain times the participation rate, all subject to the credit risk of the issuer and guarantor. The estimated value at pricing will not be less than $900 per $1,000 note.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable notes linked to the J.P. Morgan Multi-Asset Index, maturing on March 4, 2031. The notes have $1,000 minimum denominations and provide full principal repayment at maturity if not called, subject to issuer and guarantor credit risk.
The notes may be automatically called on specified Review Dates starting in 2027 if the Index closes at or above preset Call Values, paying $1,000 plus a fixed Call Premium Amount. If not called and the Index finishes above its initial level, investors receive uncapped upside based on 100% participation in the Index Return; otherwise they receive only principal. The pricing supplement notes an indicative estimated value of about $960.80 per $1,000, reflecting embedded costs, and highlights significant risks including lack of interest, liquidity constraints, index strategy risk, and the issuer’s right to alter payments if a commodity hedging disruption event occurs.
JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes aim to pay at maturity at least 1.04 times any positive S&P 500® return, with no upside cap.
If the index finishes at or above 75% of its initial level, investors receive at least their $1,000 principal per note; below that 75% barrier, losses match the index decline and can reach 100% of principal. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, and will not be listed. An illustrative estimated value is $976 per $1,000 note, with a minimum estimated value at pricing of $900.
JPMorgan Chase Financial Company LLC is offering medium-term Digital Equity Notes due April 7, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount, pays no interest and is linked to the S&P 500® Index.
At maturity, if the S&P 500 final level is at least 90% of its initial level, investors receive a fixed threshold settlement amount expected between $1,090.10 and $1,106.00 per $1,000 note. If the index falls more than 10%, losses are magnified by a buffer rate of approximately 1.1111x, and investors can lose their entire principal. The notes are unsecured obligations subject to the credit risk of both the issuer and guarantor, are not listed on any exchange and may trade at prices below the original issue price. The preliminary estimated value is expected between $980.30 and $990.30 per $1,000 note.
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated uncapped digital barrier notes linked to the lesser performer of the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on February 14, 2030.
The notes provide uncapped, unleveraged upside to any appreciation of the weaker index at maturity, with a contingent digital return of at least 46.00% if both indices finish at or above their initial levels. A barrier is set at 75.00% of the initial level for each index.
If either index closes below its barrier level on the observation date, investors lose 1% of principal for each 1% decline of the lesser-performing index and can lose the entire principal. The notes pay no interest or dividends, are not bank deposits or FDIC insured, and their value is subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An example estimated value is approximately $980.00 per $1,000 note, with a minimum estimated value at pricing of $950.00 per $1,000 note.
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated structured notes linked to the lesser performance of the iShares® MSCI EAFE ETF and the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on February 27, 2031.
The notes provide no interest or dividends but offer at least 1.90× any positive return of the weaker underlying at maturity, with a barrier set at 70% of each underlying’s initial value. If either underlying finishes below its barrier, investors lose principal in line with the lesser performer and could lose their entire investment.
The minimum denomination is $1,000 and, if priced on the referenced date, the estimated value would be about $927.30 per $1,000 note and will not be less than $900.00 per $1,000 note when finalized. The notes will not be listed, are subject to the credit risk of both the issuer and guarantor, and may have limited or no secondary market liquidity.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped dual directional buffered equity notes linked to the lesser performing of the Nasdaq-100 Index® and the S&P 500® Index, maturing on August 29, 2028.
The notes offer unleveraged upside to index gains, capped at a Maximum Upside Return of at least 30.50%, and upside to index declines up to a 15.00% buffer via “dual directional” payoff. If either index falls by more than 15.00%, principal is reduced 1% for each additional 1% decline, so investors can lose up to 85.00% of principal. The minimum denomination is $1,000, they pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not bank deposits or FDIC insured. The preliminary estimated value, if priced today, is $960.10 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 unsecured, unsubordinated structured notes linked to the worst performer of the Nasdaq‑100, Russell 2000 and S&P 500, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to March 2, 2028, in $1,000 minimum denominations.
At maturity, investors earn at least 1.045x any gain in the least performing index, or a positive “dual directional” payoff for index declines of up to 20%. If the least performing index falls more than 20%, principal is exposed one‑for‑one, with up to 80% loss of principal.
The notes pay no interest and provide no dividends from index constituents, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is about $980.20 per $1,000, and will not be less than $950.00 per $1,000 when finalized, reflecting embedded fees, hedging costs and dealer compensation. Liquidity is limited because the notes are not exchange‑listed, and any secondary prices are expected to be below the original issue price.
JPMorgan Chase Financial Company LLC plans to issue unsecured, unsubordinated structured notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target an uncapped leveraged gain of at least 1.74 times any index appreciation at maturity.
Investors forgo interest and face full downside exposure below a barrier set at 70% of the initial index level, with potential loss of all principal at maturity. The preliminary estimated value example is $928.20 per $1,000 note, and the final estimated value will not be less than $900. The notes are expected to price around February 24, 2026 and mature on February 27, 2031.
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated structured notes fully guaranteed by JPMorgan Chase & Co., linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing on February 17, 2028.
The notes, in $1,000 minimum denominations, provide at least 1.03x any positive return of the least performing index. If that index finishes flat or down by up to the 20% buffer, investors receive a positive return equal to the absolute decline, capped at $1,200 per $1,000 note when the index is down 20%.
If any index falls by more than 20%, principal is reduced 1% for each percentage point beyond the buffer, up to an 80% loss of principal. The notes pay no interest, provide no dividends, are not bank deposits or FDIC insured, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If priced today, the estimated value would be about $981.80 per $1,000 note, and will not be less than $900.00 when finalized.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped buffered return enhanced notes linked to the EURO STOXX 50® Index, maturing in February 2029.
The notes provide 2.00x upside exposure to index gains, capped at a maximum return of at least 59.30%, with a 10.00% downside buffer. If the index falls more than 10.00%, investors lose 1% of principal for each additional 1% decline, up to a 90.00% loss. The notes pay no interest or dividends, are unsecured, not FDIC-insured, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering uncapped digital barrier notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indices, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are issued in $1,000 denominations and expose investors to the least performing index at maturity.
If all three indices finish at or above their initial levels, holders receive the greater of the least performing index’s gain or a contingent digital return of at least 39.25%. If any index finishes below its initial level but all remain at or above 70% of their initial levels, principal is returned. If any index closes below 70% of its initial level, principal is reduced one-for-one with the percentage loss of the least performing index, potentially to zero.
The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on an exchange. The estimated value, if priced on the stated date, would be about $970.30 per $1,000 note, and will not be less than $900.00 per $1,000 at pricing, reflecting embedded selling, structuring and hedging costs.
JPMorgan Chase Financial Company LLC is offering Uncapped Dual Directional Buffered Return Enhanced Notes linked to the least performing of the Dow Jones Industrial Average®, Russell 2000® Index and S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide at maturity at least 1.15x any positive return of the least performing index if all three end above their initial levels. If each index finishes at or above its initial level, or down by up to the 10.00% buffer, investors receive a positive return equal to the absolute decline of the least performing index, capped at 10.00% (maximum $1,100 per $1,000 when the least performing index return is negative).
If any index falls by more than 10.00%, investors lose 1% of principal for each percentage point beyond the buffer, up to a 90.00% loss. The notes pay no interest, do not provide index dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are issued in $1,000 minimum denominations and are not listed, so liquidity may be limited. Estimated value, if priced today, is about $963.80 per $1,000, and will not be less than $900.00 per $1,000 at pricing, reflecting selling commissions and hedging-related costs.