Every 424B that Alerian MLP Index ETNs due January 28 2044 (AMJB) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow AMJB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AMJB filings page.
JPMorgan Chase & Co. is offering callable fixed rate notes due February 13, 2046. The notes pay 5.35% per annum, with interest paid annually on February 13, starting in 2027, using a 30/360 day count convention.
Beginning February 13, 2029, and on each February 13 and August 13 through 2045, JPMorgan may redeem the notes in whole at par plus accrued interest. The minimum denomination is $1,000, and the price to the public per $1,000 principal amount will range between $950.10 and $1,000, with selling commissions of up to $50 per $1,000. The notes are unsecured obligations of JPMorgan, subject to bank resolution frameworks that could impose losses on noteholders, and are not FDIC insured.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Trigger Autocallable Contingent Yield Notes linked to Coinbase Global, Inc. Class A common stock. The notes have a roughly one-year term, $10 denomination and $1,000 minimum purchase.
The notes pay a contingent quarterly coupon only if Coinbase’s share price is at or above a coupon barrier set at 50% of the initial value. The minimum contingent coupon rate is 19.00% per annum, implying at least $0.475 per $10 each quarter when conditions are met. The notes are automatically called, returning principal plus that quarter’s coupon, if Coinbase’s share price on any observation date is at or above the initial value.
If the notes are not called and Coinbase’s final share price is at or above the downside threshold of $104.72, equal to 50% of the initial value of $209.43, investors receive full principal plus the final coupon. If the final price is below the downside threshold, repayment of principal is reduced in line with Coinbase’s decline, and investors can lose most or all of their investment. The estimated value is about $9.722 per $10 note and will not be less than $9.40 at pricing.
JPMorgan Chase & Co. is offering callable fixed rate notes due February 13, 2041. The notes pay interest annually at a fixed 5.25% per annum, calculated on a 30/360 day count basis, with payments each February 13 starting in 2027, if the notes are still outstanding.
The issuer may redeem the notes at par plus accrued interest on February 13, May 13, August 13 and November 13 of each year, from May 13, 2028 through November 13, 2040. The public offering price per $1,000 principal amount note will be between $962.60 and $1,000, and selling commissions may be up to $47.50 per $1,000. The notes are unsecured obligations of JPMorgan Chase & Co., subordinate to claims of its subsidiaries’ creditors and are subject to resolution strategies under the Dodd-Frank Act.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked individually to the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on January 7, 2028 and are issued in minimum denominations of $1,000.
Investors may receive monthly Contingent Interest Payments only when the closing level of each Index on a Review Date is at or above 70% of its Initial Value. The notes will be automatically called, starting May 4, 2026, if on any specified Review Date (other than the first, second and final) the closing level of each Index is at or above its Initial Value.
If the notes are not called and the Final Value of the Least Performing Index is below its Trigger Value, principal is reduced 1% for every 1% decline from its Initial Value, with the possibility of losing all invested principal. The estimated value, if priced today, would be approximately $959.20 per $1,000 note, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. and will not pay dividends or offer direct index ownership.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target investors seeking high contingent income but willing to risk substantial principal loss.
Investors may receive monthly contingent interest of at least 11.00% per annum (0.91667% per month) only when the Index closes at or above 60% of its Initial Value; missed coupons can be paid later if conditions are met. The notes auto-call quarterly if the Index is at or above the Initial Value starting February 8, 2027, returning principal plus due interest.
If not called and the Final Index Value is below 50% of the Initial Value, repayment is reduced 1-for-1 with the decline, down to zero. The Index embeds a 6.0% per annum daily deduction, creating a persistent drag versus similar strategies without a fee and potentially causing declines even when the futures strategy is flat or modestly positive.
The preliminary estimated value is approximately $928.60 per $1,000 note and will not be less than $900.00, reflecting internal funding and hedging costs. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be exchange-listed, and may be illiquid.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable dual directional contingent buffered return enhanced notes linked to the Russell 2000® Index. The notes are priced at $1,000 each, in minimum denominations of $10,000.
The notes may be automatically called on February 10, 2027 if the index is at or above its strike, paying $1,000 plus at least a 12.10% call premium. If not called, at February 2, 2028 maturity investors get 1.50x or more of any positive index return, or a positive one-for-one "dual directional" return for losses up to 20%.
If the index falls more than 20% from the strike by the valuation date, principal is reduced 1% for each additional 1% decline, up to total loss. The notes pay no interest or dividends and are unsecured, subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk. The preliminary estimated value is approximately $980 per $1,000 note, and the final estimated value will not be less than $970.
JPMorgan Chase Financial Company LLC is offering Capped Buffered Return Enhanced Notes linked to the Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 1.50x any index gain at maturity, capped at a maximum return of at least 25.70%.
Investors receive no interest or dividends and face downside risk beyond a 10% buffer; if the index falls more than 10%, principal losses increase 1% for each additional 1% decline, up to a 90% loss. The notes are unsecured, not FDIC insured, and subject to the credit risk of both issuer and guarantor.
If priced on the example date, the estimated value would be about $995.50 per $1,000 note and will not be less than $970.00, reflecting structuring and hedging costs. The notes are expected to price around February 4, 2026 and mature on August 9, 2027.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is issuing $1,590,000 of Capped Notes linked to Grade A Copper spot prices. Each note has a $1,000 face amount, priced at $1,000 with $987.50 in proceeds to the issuer after $12.50 in selling commissions.
The notes run from a January 28, 2026 pricing date to an August 9, 2027 maturity, tracking the LME copper cash offer price (Bloomberg: LOCADY). Investors get 100% upside participation, but total payoff is capped at $1,213 per $1,000. If copper falls, the payoff is $1,000 plus the copper return, but never below $950, so up to 5% of principal is at risk.
The estimated value is 979.20 per $1,000 note, reflecting embedded structuring, hedging costs and dealer compensation. The notes are unsecured, not FDIC insured, exposed to both copper price moves and the credit of JPMorgan entities, and may trade at prices materially different from the original issue price.
JPMorgan Chase & Co. is issuing $40,631,000 of callable fixed rate notes due January 30, 2046. The notes pay interest at a fixed rate of 5.375% per annum, with interest payable monthly in arrears using a 30/360 day count convention.
JPMorgan may redeem the notes in whole, but not in part, on January 30 and July 30 of each year from January 30, 2028 through July 30, 2045 at par plus accrued interest. The price to the public is $1,000 per note, including $11.760 in selling commissions, resulting in $40,153,178 of proceeds to the issuer before other expenses.
The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not insured by the FDIC or any government agency. The disclosure highlights resolution-planning and bankruptcy risks, including that noteholders are unsecured creditors structurally subordinated to creditors of JPMorgan’s subsidiaries.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Class A common stock of Palantir Technologies Inc. The notes pay contingent interest at a rate of at least 19.00% per annum (about 1.58333% per month) whenever Palantir’s share price on a review date is at or above 60% of the initial share value.
The notes can be automatically called as early as August 5, 2026 if Palantir’s share price is at or above the initial value on specified review dates, returning $1,000 per note plus the applicable interest. If held to February 8, 2029 and not called, principal is protected only if the final share price is at or above 50% of the initial value; below that trigger, repayment is reduced one-for-one with Palantir’s decline, and investors can lose most or all of their principal. The notes are unsecured obligations in $1,000 minimum denominations and are subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.
JPMorgan Chase & Co. is offering senior unsecured callable fixed rate notes due February 13, 2041. The notes pay interest annually at a fixed rate of 5.45% per annum, calculated on a 30/360 day count basis, with payments each February 13 starting in 2027.
Beginning May 13, 2028, and on the 13th of February, May, August and November through November 13, 2040, the issuer may redeem the notes in whole at par plus accrued interest. The notes are not bank deposits, are not FDIC insured and rank junior to creditors of JPMorgan Chase & Co.’s subsidiaries in a resolution scenario.
For eligible institutional and fee-based advisory accounts, the public offering price per $1,000 principal amount will be between $962.60 and $1,000, and selling commissions would be approximately $2.50 per $1,000 (capped at $32.50). Special tax counsel expects the notes to be treated as fixed-rate debt instruments for U.S. federal income tax purposes.
JPMorgan Chase Financial Company LLC is offering $41,000 of Step-Up Auto Callable Notes linked to the S&P® Global 100 PR 5% Daily Risk Control 0.5% Deduction Index (USD) due February 1, 2033. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay no interest or dividends. Investors may receive early redemption at a premium if, on any of six annual Review Dates starting January 28, 2027, the Index is at or above a rising Call Value (101%–106% of the Initial Value). Call premiums step up from 8% to 48% of principal.
If never called, investors receive full principal at maturity plus uncapped upside equal to the Index return times a 100% participation rate, but not less than principal. The price to public is $1,000 per note, including $42.75 in fees, with issuer proceeds of $957.25 per $1,000. The estimated value at pricing was $902.20 per $1,000, reflecting selling costs and hedging. Key risks include issuer and guarantor credit risk, index drag from a 0.50% annual deduction and financing cost, potential illiquidity, and structural features that may cap upside or cause underperformance.
JPMorgan Chase & Co. is offering callable fixed rate notes maturing on February 11, 2033. The notes pay 4.65% per year, with interest paid annually on February 13 from 2027 through 2032 and at maturity, based on a 30/360 day count convention.
Starting February 13, 2028, and on each February 13 and August 13 through 2032, JPMorgan may redeem the notes at par plus accrued interest, in whole but not in part, with at least five business days’ notice. The notes are unsecured obligations of JPMorgan and are not bank deposits or FDIC insured.
The documentation highlights that in a resolution of JPMorgan under U.S. bankruptcy or Dodd-Frank Title II regimes, noteholders are unsecured creditors and structurally subordinate to creditors of subsidiaries, so losses would fall on equity holders first and then unsecured debt, including these notes. The notes are intended for buy-and-hold investors, and tax counsel views them as fixed-rate debt instruments for U.S. federal income tax purposes.
JPMorgan Chase & Co. is offering callable fixed rate notes due February 13, 2046. The notes pay interest annually at a fixed rate of 5.55% per year, calculated on a 30/360 day-count basis, with payments each February 13 starting in 2027.
JPMorgan may redeem the notes early, in whole but not in part, on February 13 and August 13 of each year from 2028 through 2045 at par plus accrued interest. Investors receive principal plus accrued interest at maturity if the notes have not been called.
The notes are unsecured obligations of JPMorgan Chase & Co. and are structurally junior to obligations of its subsidiaries. In a stress or resolution scenario, losses would be borne first by equity holders and then by unsecured creditors, including holders of these notes.
JPMorgan Chase & Co. is offering callable fixed-rate notes due February 13, 2036. The notes pay 5.00% per annum, with interest paid in arrears each year on February 13 for each $1,000 principal amount, using a 30/360 day count convention.
Starting February 13, 2028, and on each February 13 and August 13 through August 13, 2035, JPMorgan may redeem the notes in whole at par plus accrued interest. The notes are unsecured obligations, not FDIC insured, and in a resolution scenario losses would be borne by equity holders first and then unsecured creditors, including these notes.
JPMorgan Chase Financial Company LLC plans to issue auto callable contingent interest notes linked to the Class A common stock of AppLovin Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer a contingent interest rate of at least 20.3625% over the term, paying at least 6.7875% per quarter when the stock closes at or above 50% of the strike value of $542.36, i.e., an interest barrier and trigger value of $271.18. The notes may be automatically called as early as April 28, 2026 if the stock closes at or above the strike value on a review date. If not called and the final stock value is below the trigger, investors lose 1% of principal for each 1% stock decline from the strike, potentially losing most or all of their investment. The estimated value is currently about $984.50 per $1,000 note, and will not be less than $950.00 per $1,000 note when finalized.
JPMorgan Chase & Co. is offering callable fixed-rate notes due February 13, 2031 that pay 4.35% per year. Investors receive annual interest on February 13, starting in 2027, and repayment of principal plus accrued interest at maturity if the notes have not been redeemed earlier.
The notes can be called by JPMorgan at par plus accrued interest on February 13 and August 13 of each year from 2028 through 2030. The price to the public per $1,000 principal amount will range between $987.60 and $1,000, with selling commissions capped at $12.50 per $1,000. The notes are unsecured and structurally subordinated to liabilities of JPMorgan’s subsidiaries, and losses in a resolution scenario would be borne after equity but alongside other unsecured creditors.
JPMorgan Chase & Co. is offering unsecured callable fixed rate notes due February 11, 2033. The notes pay interest at a fixed 4.50% per annum, with interest paid annually in arrears on February 13, beginning in 2027, for each $1,000 principal amount.
Starting February 13, 2028, and on each February 13 and August 13 through August 13, 2032, JPMorgan may redeem the notes at par plus accrued interest, in whole but not in part. The notes are not bank deposits, are not FDIC insured, and rank behind creditors of JPMorgan’s subsidiaries in a resolution scenario under U.S. resolution frameworks.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped structured notes linked to the lesser-performing of the Russell 2000 Index and the Invesco QQQ, Series 1.
The notes provide 100% participation in any positive return of the weaker underlying, capped at a maximum gain of at least 33.45% (at least $334.50 per $1,000 note). At maturity, investors receive no less than 90% of principal, so losses are limited to 10% if the lesser-performing index or ETF finishes below its initial level.
The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of both issuers, are not bank deposits and are not FDIC insured. An indicative estimated value is about $983.10 per $1,000 note, and will not be less than $950 at pricing, reflecting embedded fees and hedging costs.
JPMorgan Chase & Co. is offering callable fixed rate notes that pay interest at 4.25% per annum and mature on February 13, 2031. Investors receive annual interest on February 13 and repayment of principal at maturity, provided the notes have not been called.
Beginning February 13, 2028, and on each February 13 and August 13 through August 13, 2030, JPMorgan may redeem the notes at par plus accrued interest, in whole but not in part. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not insured by the FDIC or any government agency.
The disclosure explains JPMorgan’s preferred “single point of entry” resolution strategy, under which losses would first affect equity holders and then unsecured creditors, including noteholders, who rank behind creditors of JPMorgan’s subsidiaries and priority and secured creditors. The document highlights that the notes are intended for investors able to hold to maturity and urges careful review of risk and tax considerations.
JPMorgan Chase & Co. is offering $4,105,000 of callable fixed-rate notes due January 13, 2051, paying interest at 5.45% per annum with annual payments each January 30.
The notes are callable at par plus accrued interest on January, April, July and October 30 from 2030 through 2050. The price to the public is $1,000 per $1,000 principal amount, with selling commissions of $22.328 per note and issuer proceeds of $4,012,242.50. The notes are unsecured, not FDIC insured, and in a resolution scenario losses would be borne ahead of JPMorgan subsidiaries’ creditors.
JPMorgan Chase & Co. is offering $2,800,000 of callable fixed-rate notes due January 30, 2036. The notes pay interest annually at a fixed rate of 4.80% per year, using a 30/360 day-count basis, with payments on January 30 of each year starting in 2027.
JPMorgan may redeem the notes early, in whole but not in part, on January 30 and July 30 of each year from 2028 through 2035 at par plus accrued interest. The public issue price is $1,000 per note, with underwriting fees and commissions of $16.652 per $1,000 and issuer proceeds of $983.348 per $1,000.
The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits and are not insured by the FDIC or any governmental agency. The disclosure highlights that in a resolution scenario, losses would be borne first by equity holders and then by unsecured creditors, including holders of these notes, and that claims on the notes rank behind creditors of JPMorgan’s subsidiaries. Tax counsel expects the notes to be treated as fixed-rate debt instruments for U.S. federal income tax purposes.
JPMorgan Chase & Co. is offering callable fixed-rate notes due February 13, 2036. The notes pay 4.80% annual interest, with interest paid each February 13 starting in 2027. Investors receive principal plus accrued interest at maturity if the notes have not been called.
The issuer may redeem the notes at par plus accrued interest on February 13 and August 13 of each year from 2028 through 2035. The public offering price per $1,000 note is between $975.10 and $1,000, with selling commissions up to $37.50 per $1,000 note. The filing highlights resolution and bankruptcy risks, where unsecured noteholders could be subordinated to subsidiary and secured creditors in an orderly resolution scenario.
JPMorgan Chase & Co. is offering $1,000,000 of Callable Fixed to Floating Rate Notes due January 30, 2046, issued in $1,000 denominations. The notes pay a fixed 11.00% per annum from issuance on January 30, 2026 through January 30, 2028, with interest paid quarterly.
After that, interest becomes floating at (7.00% − the Benchmark Rate) × 1.50, initially using Compounded SOFR as the Benchmark Rate, with a 0.00% floor. JPMorgan may redeem the notes in whole at par plus accrued interest on quarterly dates from January 30, 2028 to October 30, 2045. The notes are unsecured obligations, not bank deposits, not FDIC insured, and involve benchmark, structural subordination, market, and complex U.S. tax risks.
JPMorgan Chase & Co. is offering callable fixed rate notes due August 13, 2038. The notes pay a fixed 5.05% per annum, with interest paid annually on February 13, starting in 2027, and on the maturity date, so long as the notes have not been redeemed earlier.
Beginning February 13, 2028, and on each February 13 and August 13 through 2038, JPMorgan may redeem the notes at par plus accrued interest, so investors face call risk if rates fall. The notes are unsecured obligations of JPMorgan Chase & Co., use a 30/360 day count, and are not insured by the FDIC or any government agency.
The disclosure highlights JPMorgan’s preferred “single point of entry” resolution strategy under U.S. bankruptcy and Dodd-Frank Title II, under which losses would be borne first by equity holders and then unsecured creditors, including holders of these notes. In a resolution, claims of these noteholders would be structurally junior to creditors of JPMorgan’s subsidiaries, so recoveries could be limited.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $500,000 of Auto Callable Contingent Buffered Return Enhanced Notes linked to the Nasdaq-100 Index.
Each note has a $1,000 face amount. On the February 8, 2027 review date, if the index closes at or above the strike level of 25,713.21, the notes are automatically called and pay back principal plus a 12.35% call premium.
If not called and the index ends above the strike on the January 26, 2028 valuation date, investors earn leveraged upside with a 1.50× participation in index gains. If the index is down but within the 20% contingent buffer, principal is returned. Below that buffer, losses match the index decline, up to total loss of principal.
The price to the public is $1,000 per note, including $15 in fees, with $985 in proceeds to the issuer. The estimated value at pricing is $978.50, reflecting selling commissions, hedging costs and dealer profits, and secondary market prices may be lower.
JPMorgan Chase & Co. is offering senior unsecured callable fixed rate notes paying 5.15% per annum, with interest paid annually on February 13, beginning in 2027 and ending in 2037, and on the February 12, 2038 maturity date.
The notes may be redeemed by JPMorgan at par plus accrued interest on February 13 and August 13 of each year from 2028 through 2037, in whole but not in part. They are subject to JPMorgan’s “single point of entry” resolution strategy, meaning losses in an insolvency would be borne first by equity holders and then unsecured creditors, including holders of these notes, after priority and secured claims are satisfied.
The price to the public is generally $1,000 per $1,000 principal amount, with eligible institutional or fee-based accounts potentially paying between $972.60 and $1,000. Selling commissions, paid by JPMS to dealers, are expected to be about $10 and capped at $35 per $1,000 principal amount.
JPMorgan Chase Financial Company LLC is issuing $275,000 of auto callable accelerated barrier notes linked to the iShares Bitcoin Trust ETF, due February 1, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may be automatically called on January 29, 2027, paying $1,212.50 per $1,000 note if the ETF closes at or above the call value. If not called and the ETF rises, investors receive 1.50 times the ETF’s gain at maturity; if it finishes below 70% of the initial value of $50.63, they lose principal, potentially all of it. The notes pay no interest, are unsecured, and expose holders to both JPMorgan credit risk and the high volatility and regulatory uncertainties of bitcoin.
JPMorgan Chase & Co. is offering $7,200,000 of callable fixed rate notes due January 28, 2033, paying a fixed 4.55% annual interest rate. Interest is paid in arrears each January 30 from 2027 through 2032 and at maturity, using a 30/360 day count convention.
The issuer may redeem all notes, but not part, on January 30 and July 30 of each year from 2028 through 2032 at par plus accrued interest. Notes are priced at $1,000 per note, generating $7,144,200 of proceeds to JPMorgan after $55,800 in fees and commissions.
The notes are unsecured obligations of JPMorgan Chase & Co., not bank deposits and not FDIC insured. In a JPMorgan resolution under U.S. bankruptcy or Dodd-Frank Title II regimes, losses would be borne first by equity and then by unsecured creditors, including these notes, which rank structurally below creditors of subsidiaries.
JPMorgan Chase & Co. is offering fixed-to-floating rate subordinated notes under its existing shelf registration. These unsecured notes mature on a stated date, pay a fixed interest rate for an initial period, then switch to a floating rate based on Compounded SOFR plus a spread.
The notes rank junior to all Senior Indebtedness, including approximately $312.5 billion of senior long-term debt and other obligations outstanding on a non‑consolidated basis as of December 31, 2024. Holders generally cannot accelerate payment except in the case of JPMorgan Chase & Co.’s bankruptcy, reorganization or insolvency.
The notes are callable at JPMorgan Chase & Co.’s option, including a make‑whole redemption before a specified first par call date and par redemption thereafter, subject to regulatory approvals. They will not be listed on any securities exchange. Net proceeds will be contributed to JPMorgan Chase Holdings LLC for general corporate purposes, including funding subsidiaries, paying dividends, refinancing securities and potential acquisitions or business expansion.
JPMorgan Chase & Co. is offering callable fixed rate notes due February 11, 2056. The notes pay interest annually at a fixed rate of 5.75% per annum, using a 30/360 day count, with payments each February 13 starting in 2027.
JPMorgan may redeem the notes, in whole, on February 13 and August 13 of each year from 2028 through 2055 at par plus accrued interest. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not insured by the FDIC or any government agency. In a resolution scenario, holders would rank behind creditors of JPMorgan’s subsidiaries and priority and secured creditors. The notes are expected to be treated as fixed-rate debt for U.S. federal income tax purposes.
JPMorgan Chase & Co. is offering callable fixed-rate notes paying 5.425% per annum, with interest on each February 13 from 2027 to 2050 and at maturity. The notes are scheduled to mature on January 30, 2051, when investors receive principal plus any accrued and unpaid interest if the notes remain outstanding.
Beginning February 13, 2030, and on the 13th of February, May, August and November through November 13, 2050, JPMorgan may redeem the notes in whole at par plus accrued interest. The minimum price to the public for eligible institutional or fee-based accounts is $940.10 per $1,000 principal amount, and selling commissions would be approximately $22.50 per $1,000 if the notes priced on the indicated date, capped at $50. The notes are unsecured obligations of JPMorgan Chase & Co., not bank deposits and not insured by the FDIC.
JPMorgan Chase Financial Company LLC is offering capped buffered equity notes linked to the Nasdaq-100 Index®, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes aim to provide unleveraged upside exposure to the Index up to a maximum return of at least 18.50% (at least $1,185 per $1,000 at maturity).
Investors receive no interest or dividends and face potential loss of principal if the Index falls more than the 15.00% buffer, with losses magnified by a downside leverage factor of 1.17647. The preliminary estimated value is about $990 per $1,000 note, not less than $970 when finalized. The notes are unsecured, not FDIC insured, and intended for fee-based advisory accounts with $1,000 minimum denominations.
JPMorgan Chase & Co. is offering callable fixed-rate notes due August 11, 2034. The notes pay annual interest of 4.625%, with interest paid in arrears each February 13 starting in 2027 and again at maturity, using a 30/360 day-count convention.
The issuer may redeem the notes at par plus accrued interest on the 13th of February, May, August and November from February 13, 2028 through May 13, 2034. The notes are unsecured obligations of JPMorgan Chase & Co., structurally junior to subsidiary creditors, and may bear losses in a bankruptcy or Dodd-Frank resolution. They are not bank deposits or FDIC insured.
JPMorgan Chase & Co. is offering unsecured Callable Fixed Rate Notes due February 13, 2034. The notes pay fixed interest at a 4.70% per annum rate, calculated on a 30/360 basis and paid annually on February 13, beginning in 2027.
Starting February 13, 2028, and then on the 13th of February, May, August and November through November 13, 2033, JPMorgan may redeem the notes in whole at par plus accrued interest. Holders receive principal plus accrued interest at maturity if the notes have not been called.
The notes are issued in $1,000 principal amounts, with a price to the public between $980.10 and $1,000 per $1,000 for certain institutional or advisory accounts. Selling commissions are paid to dealers, currently estimated at approximately $7.50 and capped at $25.00 per $1,000 note. The notes are not bank deposits, are not FDIC insured and rank behind creditors of JPMorgan’s subsidiaries in a resolution scenario.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering medium-term digital notes due February 3, 2028 linked to the iShares 20+ Year Treasury Bond ETF (TLT). The notes pay no interest and are unsecured obligations subject to issuer and guarantor credit risk.
At maturity, for each $1,000 note, if the ETF’s final level is at least 90% of its initial level, holders receive a fixed threshold settlement amount expected between $1,128.70 and $1,151.40, implying a capped return around 12.87%–15.14%. If the ETF falls more than 10%, losses are leveraged by a buffer rate of about 1.1111, and principal can be fully lost.
The notes are not listed, have no early redemption, and any secondary trading will depend on J.P. Morgan Securities LLC making a market. The estimated value at pricing is expected between $959.20 and $969.20 per $1,000, reflecting embedded fees, hedging costs and an internal funding rate.
JPMorgan Chase Financial Company LLC is offering $20,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, guaranteed by JPMorgan Chase & Co. The notes pay a 10.50% per annum contingent coupon (2.625% quarterly) only when the Index is at or above 60% of its Initial Value on a Review Date.
The notes can be automatically called as early as July 27, 2026 if the Index is at or above its Initial Value, returning $1,000 per note plus the applicable coupon. If not called and the Final Index Value is below the 60% Trigger Value, repayment is reduced 1% for each 1% Index decline, potentially to zero.
The Index applies a 6.0% per annum daily deduction, creating a drag on performance and causing it to lag a similar index without a fee. The notes are unsecured, unsubordinated obligations, with an estimated value of $918.20 per $1,000 at pricing, reflecting selling commissions, hedging costs and JPMorgan’s internal funding rate.
JPMorgan Chase Financial Company LLC is offering $2,400,000 of S&P 500®-linked capped enhanced participation equity notes due January 14, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and was initially priced at 100% of principal, with estimated value of $995.10.
The notes pay no interest and expose holders to the full downside of the S&P 500: if the index finishes below its initial level of 6,950.23, principal is lost one-for-one. Upside is leveraged at a 3.00 participation rate but capped at a maximum settlement amount of $1,258.90 per $1,000, reached once the index gains 8.63% or more.
The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, and will not be listed on an exchange. Secondary market liquidity, pricing, tax treatment and conflicts of interest are key risks, and investors are urged to review detailed risk and tax discussions.
JPMorgan Chase Financial Company LLC is issuing $300,000 of Capped Dual Directional Buffered Equity Notes linked to the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination.
The notes provide unleveraged exposure to index moves with a Maximum Upside Return of 20.00%. If the index is flat or down by up to the 15.00% buffer, investors earn a positive return equal to the index’s absolute decline. If the index falls more than 15%, principal is reduced 1% for each additional 1% drop, for a potential loss of up to 85.00% at maturity.
The notes pay no interest and do not pass through dividends on S&P 500 companies. They are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $7.50 in selling commissions, with estimated value at issuance of $985.60 per note.
JPMorgan Chase Financial Company LLC is issuing $550,000 of Auto Callable Contingent Interest Notes linked to the common stock of Constellation Energy Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and minimum denominations of $1,000.
The notes pay a 16.00% per annum contingent interest rate (4.00% per quarter) only if Constellation Energy’s share price on a Review Date is at or above 60.00% of the Initial Value of $285.27, an Interest Barrier and Trigger Value of $171.162. The notes are automatically called, starting July 27, 2026, if on any non‑final Review Date the stock closes at or above the Initial Value, returning $1,000 plus the contingent coupon for that period.
If the notes are not called and the Final Value is at or above the Trigger Value, investors receive $1,000 plus the final contingent coupon at maturity on January 31, 2029. If the Final Value is below the Trigger Value, repayment is reduced dollar‑for‑dollar with the stock decline, and investors can lose more than 40% and up to all principal. The price to public is $1,000 per note, including $27.50 in selling commissions, with an estimated value of $954.50 per $1,000 based on JPMorgan’s internal models. Payments are unsecured obligations subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the lesser performer of the Dow Jones Industrial Average and the S&P 500 Index, maturing in February 2029. The notes may be automatically called in February 2027 if both indices are at or above a specified Call Value, paying $1,000 plus a Call Premium Amount of at least $125 per $1,000 note.
If not called and both final index levels exceed their initial values, holders receive $1,000 plus 1.5 times the gain of the lesser-performing index. If either index finishes at or below its initial value but at or above its barrier level (illustrated as 70% of initial), principal is returned. If either index ends below its barrier, repayment is reduced one-for-one with the loss on the lesser-performing index, up to total loss of principal.
The notes pay no interest or dividends and are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., exposing investors to issuer and guarantor credit risk. They are sold in $1,000 minimum denominations through fee-based advisory accounts, with a structuring fee of $8 per $1,000 potentially paid to dealers. The preliminary estimated value is approximately $982.10 per $1,000 note and will not be less than $900 when finalized, reflecting structuring and hedging costs and an internal funding rate. The notes will not be listed, and secondary market liquidity and prices may be limited and below the issue price.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering $5,000,000 of Callable Range Accrual Notes at $1,000 per note, with net proceeds of $4,750,000 after fees.
The notes pay monthly interest only for days when the 10-Year CMT Rate is at or below 4.85%, subject to a 0.00% minimum rate and step-up maximum rates of 10.00%, 12.00% and 14.00% per annum over the life of the notes. JPMorgan may redeem the notes monthly from January 29, 2028 through the January 29, 2046 maturity at par plus accrued interest. Principal is repaid at maturity plus any unpaid interest, but payments depend entirely on the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The estimated value is $918.80 per $1,000 note, reflecting selling commissions and hedging costs.
JPMorgan Chase Financial Company LLC is offering $825,000 of auto callable contingent interest notes linked to the Class A common stock of Reddit, Inc., due January 31, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a high contingent coupon of 23.50% per annum (5.875% per quarter), but only if on a review date Reddit’s share price is at or above 55.00% of the initial value of $213.63, which sets the interest barrier and trigger value at $117.4965. Missed interest can be made up later if the barrier is met on a future review date.
The notes can be automatically called on any review date after the first, if Reddit’s share price is at least the initial value, returning $1,000 per note plus current and any unpaid coupons. If not called and the final stock price is below the trigger value, repayment is reduced one-for-one with Reddit’s decline, and investors can lose more than 45% and up to all principal.
The price to the public is $1,000 per note, including $23.50 in selling commissions, for issuer proceeds of $976.50 per note. The estimated value at pricing is $965.80 per $1,000, reflecting embedded fees, hedging costs and JPMorgan’s internal funding rate. The notes are unsecured, not FDIC insured, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., plans to issue capped notes linked to the spot price of Grade A Copper (Bloomberg: LOCADY). Each note has a $1,000 denomination and a term running to an Observation Date on August 4, 2027 and Maturity Date on August 9, 2027.
At maturity, investors receive $1,000 plus a copper-linked gain with a 100% participation rate, capped by a Maximum Amount of at least $213 per $1,000 note, implying a maximum payment of at least $1,213. If copper falls, the payoff is $1,000 plus the copper return but not less than $950, so investors can lose up to 5% of principal, subject to the credit risks of JPMorgan entities. The notes are not FDIC insured, are not commodity futures or swaps, and may have limited, potentially discounted secondary market values; the estimated value would be about $979.20 per $1,000 note if priced today and will not be less than $960 when finalized.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Class A common stock of Lyft, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target investors seeking high contingent interest tied to Lyft’s share price performance.
Holders receive a quarterly Contingent Interest Payment of at least $61.75 per $1,000 note (at least 24.70% per annum) whenever Lyft’s closing price on a Review Date is at or above the Interest Barrier, set at 60.00% of the Strike Value, or $10.524. Missed interest can be paid later if the barrier is met on a subsequent Review Date.
The notes are automatically called if Lyft’s share price on any non-initial, non-final Review Date is at or above the Strike Value of $17.54, returning $1,000 plus due and unpaid contingent interest. If not called and the Final Value is below the Trigger Value (also 60.00% of the Strike), repayment is reduced one-for-one with Lyft’s decline, and investors may lose more than 40% or all principal. The notes are unsecured, not FDIC insured, thinly traded, and subject to JPMorgan credit risk. The indicative estimated value is about $985.70 per $1,000 note, and when finalized will not be less than $950.00.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked individually to the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Equal Weight Index, maturing November 7, 2028.
Investors may receive monthly contingent interest at a rate of at least 8.75% per annum (0.72917% per month) only when the closing level of each index on a review date is at or above 75% of its initial value. Missed coupons can be paid later if the barrier is met on a future date. JPMorgan may redeem the notes early on specified interest payment dates beginning August 6, 2026, paying $1,000 plus due contingent interest.
If the notes are not called and the worst-performing index finishes at or above 60% of its initial value, investors receive full principal back (plus any due interest). If the worst index ends below 60%, repayment is reduced one-for-one with the decline, down to a total loss of principal. The indicative estimated value is about $971.10 per $1,000 note and will not be less than $900, reflecting embedded costs, and the notes carry credit risk of both the issuer and guarantor, no listing, and significant market, sector, and tax risks.
JPMorgan Chase Financial Company LLC is offering $1,075,000 of auto callable contingent interest notes linked separately to the State Street Consumer Discretionary, Energy and Technology Select Sector SPDR ETFs, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a contingent interest rate of 11.55% per annum (2.8875% per quarter) only if, on a Review Date, each ETF closes at or above 72.00% of its Strike Value. If any ETF finishes below its Trigger Value (also 72.00% of Strike) at final maturity and the notes were not called earlier, investors lose principal in proportion to the decline of the least performing ETF, potentially up to a total loss.
The notes may be automatically called on any non-final Review Date if each ETF is at or above its Strike Value, returning $1,000 per note plus due contingent interest and any unpaid prior contingent interest. The price to public is $1,000 per note, including $17 in selling commissions, while the issuer’s estimated value is $966.80 per $1,000, reflecting embedded costs, hedging and an internal funding rate. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., offer no dividends or ETF ownership rights and are not FDIC insured.
JPMorgan Chase Financial Company LLC is issuing $1,077,000 of auto callable contingent interest notes linked to Dell Technologies Class C common stock, fully guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and pays a monthly contingent coupon at a 18.00% per annum rate if Dell’s share price on the review date is at or above 60% of the initial price.
The notes can be automatically called as early as July 27, 2026 if Dell’s share price is at or above the initial value on specified review dates, returning $1,000 plus that period’s interest. If the notes are not called and Dell’s final share price is below the 60% trigger level, investors lose 1% of principal for every 1% decline from the initial value, up to a total loss.
The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to the public is $1,000 per note, including $12.50 in selling commissions, with net proceeds of $987.50 per note and an estimated value of $966.50 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC plans to issue callable contingent interest notes due January 4, 2028, linked to the worst performer of the iShares MSCI EAFE ETF, the S&P 500 Index and the EURO STOXX 50 Index, fully guaranteed by JPMorgan Chase & Co.
The notes can pay monthly contingent interest (illustrated at 8.50% per annum) only when each index or ETF stays at or above 70% of its initial level, and may be redeemed early at the issuer’s option after May 5, 2026. If not called and any underlying finishes below its 70% trigger, principal is reduced one-for-one with that decline, potentially to zero.
The preliminary estimated value is about $974.70 per $1,000 note, with the final estimated value to be at least $900, reflecting embedded fees, hedging costs and JPMorgan’s internal funding rate. The notes are unsecured, not FDIC‑insured, and entail market, credit, liquidity, currency and tax risks.
JPMorgan Chase Financial Company LLC is offering $865,000 of auto callable contingent interest notes linked to the common stock of Micron Technology, Inc., maturing January 31, 2029 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a high contingent coupon at a rate of 19.75% per annum (4.9375% per quarter) only if Micron’s share price on a Review Date is at or above an Interest Barrier set at 50% of the Initial Value. Missed coupons can be paid later if conditions are met. The notes are automatically called, returning $1,000 per note plus due interest, if Micron’s price on any non-initial, non-final Review Date is at or above the Initial Value, with the earliest call date on July 27, 2026.
If the notes are not called and Micron’s final price is below a Trigger Value set at 50% of the Initial Value, investors lose 1% of principal for each 1% decline from the Initial Value, up to total loss. The estimated value is $950.70 per $1,000 note, below the $1,000 price to public, reflecting selling commissions of $23.50 per note and hedging and structuring costs. The notes are unsecured, not FDIC-insured, and expose holders to both Micron’s share performance and the credit risk of JPMorgan Financial and JPMorgan Chase & Co.