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, 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.
JPMorgan Chase Financial Company LLC is offering unsecured, index-linked notes that pay based on the least performing of the Nasdaq-100, Russell 2000 and S&P 500. The notes run to March 2, 2029, with a 15% downside buffer and no interest or dividends.
At maturity, if all three indices are above their initial levels, investors receive 1.25 times (or more, as finally set) the gain of the worst index. If the worst index is flat or down by up to 15%, investors receive the absolute move of that index, capped at a 15% gain. If any index falls by more than 15%, principal is reduced 1:1 beyond the buffer and up to 85% of principal can be lost.
The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co., carry credit and liquidity risk, and are not FDIC insured. If priced on the indicated date, the estimated value would be about $961.90 per $1,000 note, and will not be less than $900.00 per $1,000 when set.
JPMorgan Chase Financial Company LLC is offering Capped Dual Directional Buffered Equity Notes linked to the lesser-performing of the Russell 2000® and S&P 500® indices, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to mature on March 30, 2027.
The notes provide unleveraged upside to index gains, capped at a Maximum Upside Return of at least 13.25%, and a “dual directional” feature where declines of up to 10.00% in the lesser-performing index generate positive returns using the absolute decline. Losses beyond this 10.00% buffer result in principal loss up to 90.00%. Investors forgo interest and dividends, face credit risk of both JPMorgan entities, and the notes will not be listed, so liquidity may be limited. An illustrative estimated value is $964.20 per $1,000 principal amount, with final estimated value not less than $900.00.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked to the worst performer among Palantir, SoFi and Oscar Health common stocks, maturing on August 12, 2027, in $1,000 minimum denominations.
The notes pay a monthly contingent coupon of at least 24.90% per annum (at least $20.75 per $1,000) only if, on a review date, each stock closes at or above 50% of its initial price. Missed coupons can be made up later if the condition is met. The issuer may redeem the notes early on specified interest payment dates starting August 13, 2026.
At maturity, if any stock finishes below 50% of its initial level and the notes have not been called, repayment of principal is reduced one-for-one with the decline of the worst-performing stock, and the entire principal can be lost. The notes are unsecured obligations subject to the credit risk of both the issuer and guarantor. The indicative estimated value is about $870.20 per $1,000 note, and will not be less than $850.00, reflecting embedded costs and hedging economics.
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 on February 16, 2029, in minimum denominations of $1,000.
The notes can pay a contingent interest rate of at least 11.00% per year, or at least 2.75% per quarter, but only when the index closes at or above 60% of its initial value on a review date. If on certain review dates the index is at or above its initial level, the notes are automatically called and pay back principal plus that period’s contingent interest.
Principal is at risk. If the notes are not called and the final index level falls below 50% of the initial value, investors lose 1% of principal for each 1% index decline and can lose the entire investment. The index itself includes a built-in 6.0% per annum daily deduction, which drags on performance. The preliminary estimated value is about $950 per $1,000 note, and will not be less than $930 when finalized, reflecting structuring and hedging costs.
JPMorgan Chase Financial Company LLC is offering uncapped Dual Directional Buffered Return Enhanced Notes linked to the lesser performing of the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes offer at least 1.15 times any positive performance of the lesser performing index at maturity and a capped positive return when that index declines by up to the 15.00% buffer. If either index falls by more than 15.00%, principal is reduced 1% for each additional 1% decline, up to an 85.00% loss. The notes pay no interest or dividends, are unsecured obligations subject to the credit risks of JPMorgan Financial and JPMorgan Chase & Co., and will be issued in $1,000 minimum denominations. If priced on the example date, the estimated value would be approximately $977.00 per $1,000 note and will not be less than $900.00 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Class A ordinary shares of On Holding AG, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to February 9, 2029 and pay a quarterly contingent coupon at a rate of at least 14.00% per annum if, on a review date, On Holding’s share price is at or above 55.00% of the initial value.
The notes are automatically called, starting May 6, 2026, if the share price is at or above the initial value on a review date, returning principal plus the applicable coupon. If not called and the final share price is below the 55.00% trigger, investors lose 1% of principal for each 1% decline from the initial value and can lose their entire investment. These unsecured notes have an estimated value of about $950 per $1,000 at pricing and at least $930, reflecting embedded costs and hedging.
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated structured notes, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the Nasdaq-100 Index® and maturing on March 1, 2029.
The notes can be automatically called on specified Review Dates starting February 24, 2027 if each index closes at or above 100% of its Initial Value, paying back principal plus a call premium of at least 12% to 36% of the $1,000 denomination, depending on the call date.
If the notes are not called and any index finishes below 70% of its Initial Value on the final Review Date, repayment at maturity is reduced one-for-one with the decline of the worst-performing index, exposing holders to loss of more than 30% and up to their entire principal. The notes pay no interest, provide no dividends, and any payment depends on the credit of JPMorgan Financial and JPMorgan Chase & Co.
The indicative estimated value is approximately $953.60 per $1,000 note if priced on the reference date, and will not be less than $900.00 per $1,000 at pricing, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase & Co. is offering callable fixed rate notes maturing on February 13, 2046. The notes pay interest annually on February 13 at a fixed rate of 5.65% per annum, calculated on a 30/360 day count basis and paid in arrears.
Starting February 13, 2028, and every February 13 and August 13 thereafter to August 13, 2045, the issuer may redeem the notes at par plus accrued interest. The notes are unsecured obligations, not bank deposits, not FDIC insured, and would rank behind subsidiary creditors in a resolution scenario. Selling commissions are up to $47.50 per $1,000 principal, and the public offering price per note is between $950.10 and $1,000.
JPMorgan Chase Financial Company LLC is offering capped digital notes linked to the J.P. Morgan Dynamic Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target full principal repayment at maturity on March 1, 2029, subject to issuer and guarantor credit risk.
If the Index’s final level is at or above its initial level, investors receive a fixed return of at least 19.50% on the $1,000 denomination, capping upside regardless of how much the Index rises. If the Index ends below its initial level, investors receive only their principal back at maturity.
The underlying Index dynamically allocates between a U.S. large-cap equity futures index and a 2‑year U.S. Treasury futures index, aiming for 3.0% target volatility and charging a 0.95% per annum daily deduction, which drags performance versus a fee‑free portfolio. The notes pay no periodic interest, are unsecured and unsubordinated, and will not be listed on an exchange. The issuer estimates an initial value below the $1,000 price (illustratively about $940.20 per note, with a stated minimum of $900.00 per note), reflecting selling commissions, hedging costs and internal funding assumptions.
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, maturing March 4, 2031. The notes pay a contingent interest rate of at least 13.50% per annum, or at least 3.375% per quarter, only when the Index on a review date is at or above 60% of its initial level.
The notes are automatically called, with return of principal plus the applicable interest payment, if on any review date after the first and before the last the Index is at or above its initial level. If held to maturity and the final Index level is at or above 60% of the initial level, principal is repaid plus the final contingent interest. If the final level is below 60%, repayment is reduced one-for-one with the Index loss, and all principal can be lost.
The underlying Index uses leveraged exposure to E-mini Russell 2000 futures and is subject to a 6.0% per annum daily deduction, which drags on performance. The notes are unsecured, unsubordinated obligations, subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co., offered in $1,000 minimum denominations, with an indicative estimated value of about $927.40 per $1,000, not less than $900.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked individually to the Nasdaq-100, Russell 2000 and S&P 500 indices, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a contingent interest rate of at least 9.75% per year, credited monthly, but only if on each monthly review date the closing level of every index is at or above 70% of its initial level. If any index is below this barrier on a review date, no interest is paid for that month.
The notes may be automatically called quarterly, starting in August 2026, if all three indices are at or above their initial levels, returning $1,000 per note plus the applicable interest, after which no further payments are made. If the notes are not called and, at maturity in February 2028, every index is at or above 70% of its initial level, investors receive $1,000 per note plus the final interest payment. If any index finishes below 70%, repayment is reduced one-for-one with the decline of the worst-performing index, and investors can lose a significant portion or all of their principal.
The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and JPMorgan Chase & Co., offered in minimum denominations of $1,000. If priced on the date of the example, the estimated value would be about $975 per $1,000 note, and will not be less than $900 per $1,000 when finally set, reflecting embedded costs and dealer compensation of up to $5 per $1,000.
JPMorgan Chase Financial Company LLC is offering 3-year notes linked to the J.P. Morgan Dynamic Blend℠ Index, with full principal repayment at maturity subject to issuer and guarantor credit risk. The notes pay a contingent digital return of at least 19.50% per $1,000 if the Index’s final value is at or above its initial value on the observation date; otherwise, investors receive only their $1,000 principal.
The Index dynamically allocates between a U.S. large-cap equity futures index and a 2-year U.S. Treasury futures index, targeting 3.0% volatility and deducting 0.95% per year. The minimum denomination is $1,000 and the estimated value will not be less than $900 per $1,000 note, which may be lower than the price paid.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indices, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay monthly contingent interest between 7.75% and 9.75% per annum if on each review date all three indices close at or above 80% of their initial values.
The notes can be automatically called as early as August 13, 2026 if each index is at or above its initial value, returning principal plus the applicable interest for that date. If the notes are not called and, at maturity, every index is at or above 70% of its initial value, investors receive full principal back plus any final contingent interest.
If at maturity any index is below 70% of its initial value, repayment is reduced one-for-one with the decline of the worst-performing index, and investors can lose most or all of their principal. The notes are unsecured, not FDIC insured, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value is indicated around $949.60 per $1,000 note, and will not be less than $900.00 per $1,000 at pricing, reflecting embedded fees and hedging costs. The document highlights significant risks, including the possibility of no interest payments, limited liquidity, index volatility, conflicts of interest and uncertain tax treatment.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., offers auto callable contingent interest notes linked to the lesser performance of the Nasdaq-100® Technology Sector and the Russell 2000® Index, maturing on September 1, 2027.
The notes may pay monthly contingent interest of at least 9.75% per annum (0.8125% per month) when both indices stay at or above 75% of their initial values. They can be automatically called as early as August 27, 2026 if each index is at or above its initial value, returning principal plus the applicable interest. If not called and either index finishes below its 75% trigger level, repayment is reduced one-for-one with the loss in the weaker index, and investors can lose most or all of their principal.
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, in minimum denominations of $1,000.
The notes pay a contingent interest rate of at least 16.75% per annum, credited monthly, but only when the index level on an interest review date is at or above 75% of its initial value. A quarterly auto-call feature, after a one-year non-call period, redeems the notes at $1,000 plus any due interest if the index is at or above its initial level.
At maturity, if not called and the index is at or above 85% of its initial value, investors receive $1,000 plus the final contingent interest payment. Below that 85% buffer threshold, principal is reduced so that losses begin once the index decline exceeds 15%, and investors can lose some or most of their principal. The index embeds a 6.0% per annum daily deduction and the QQQ Fund exposure bears a daily notional financing cost, and all payments are subject to the credit risk of the issuer and guarantor.