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 offering $2,559,000 of Uncapped Accelerated Barrier Notes linked to the Nasdaq-100, Russell 2000 and S&P 500, maturing on January 28, 2031. The notes provide 1.4575x any positive return of the worst-performing index if all three finish above their initial levels on the January 23, 2031 observation date.
If any index finishes below its initial level but at or above 60% of its initial value, investors receive only their principal back. If any index closes below this 60% barrier, repayment is reduced one-for-one with the loss on the worst index, so more than 40% and up to all principal can be lost. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan entities, and were sold at $1,000 per note with an estimated value at pricing of $949.10 after selling commissions and structuring fees.
JPMorgan Chase Financial Company LLC is offering $3,523,000 of S&P 500®-linked digital equity notes due January 26, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and are unsecured, subject to the credit risk of both entities.
For each $1,000 note, if the S&P 500 final level on January 24, 2028 is at least 87.50% of the initial level of 6,915.61, investors receive a fixed $1,144, capping upside at 14.4%. If the index falls more than 12.5%, principal losses are magnified at about 1.1429% for each additional 1% decline, up to a total loss. The estimated value at pricing was $974.50 per $1,000, the notes are not listed, may have limited liquidity, and carry complex, uncertain U.S. tax treatment.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering market-linked securities tied to the Class A common stock of Visa Inc. Each security has a $1,000 principal amount, with a total offering size of $660,000.
The notes are auto-callable on January 28, 2027 if Visa’s stock closing price is at or above the starting price of $326.18. If called, investors receive $1,101.50 per security, reflecting a 10.15% call premium, and the notes terminate early.
If not called, the January 26, 2029 maturity payment depends on Visa’s final price. Above the starting price, investors gain 150% of the stock’s positive return. Between the starting price and the 75% threshold price of $244.635, principal is returned. Below the threshold, losses match the stock’s decline, up to a total loss of principal.
The price to public is $1,000 per security, including $25.75 in fees and commissions, while the issuer’s estimated value is $961.20, reflecting embedded selling, structuring and hedging costs. The securities are unsecured obligations, not bank deposits, and carry significant market, liquidity, valuation, tax and conflict-of-interest risks highlighted in the risk discussions.
JPMorgan Chase Financial Company LLC is issuing $265,000 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 denomination and priced at $1,000 with $20 in fees, yielding $980 in proceeds to the issuer.
The notes pay a contingent interest rate of 17.00% per annum, or 4.25% per quarter, but only for Review Dates when Constellation Energy’s share price is at or above 60.00% of the Initial Value. The Initial Value was $289.06, making the Interest Barrier and Trigger Value $173.436. If the stock closes at or above the Initial Value on any non-final Review Date, the notes are automatically called, returning $1,000 plus the applicable contingent interest, with the earliest call date on April 23, 2026.
If the notes are not called and the Final Value on January 23, 2029 is below the Trigger Value, repayment at maturity falls in line with the stock’s percentage loss, and investors can lose more than 40.00% and up to all principal. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing was $960.80 per $1,000 note, lower than the issue price due to selling commissions, hedging costs and structuring margins.
JPMorgan Chase Financial Company LLC is offering $560,000 of uncapped dual directional buffered return enhanced notes linked to the lesser performer of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
At maturity, investors get 1.475x any positive return of the weaker underlying, or a positive return equal to the absolute value of downside moves up to a 10% buffer. If the weaker underlying falls more than 10%, principal loss is linear, up to 90%. The notes pay no interest or dividends, are unsecured, unlisted, and subject to issuer and guarantor credit risk. The price to public is $1,000 per note, with estimated value $971.30.
JPMorgan Chase Financial Company LLC is offering $1,326,000 of Uncapped Accelerated Barrier Notes linked to the lesser performance of the Nasdaq-100 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay no interest and do not provide dividends. At maturity on January 27, 2028, if both indices finish above their initial levels, holders receive $1,000 plus 1.18 times the gain of the lesser-performing index. If either index finishes at or below its initial level but at or above 70.00% of its initial value, investors receive only their $1,000 principal per note. If either index closes below 70.00% of its initial value, repayment is reduced one-to-one with the loss of the lesser-performing index, potentially to zero.
The price to the public is $1,000 per note, including $2.50 in selling commissions, with issuer proceeds of $997.50 per note. The estimated value at pricing was $991.30 per $1,000, reflecting structuring, hedging costs and an internal funding rate. The notes are unsecured, unsubordinated obligations, not bank deposits and not FDIC insured, and will not be listed on any securities exchange, so liquidity may be limited.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing three Trigger Autocallable Contingent Yield Notes linked separately to Amazon.com, Inc., Bank of America Corporation and Eli Lilly and Company, each at $10 per Note for a minimum investment of $1,000.
The Amazon-linked Notes offer a 10.00% per annum contingent coupon with an initial stock value of $239.16 and a downside threshold and coupon barrier at $155.45 (65.00% of the initial value. The Bank of America-linked Notes pay 8.00% per annum with an initial value of $51.72 and a threshold/barrier of $32.14 (62.15%). The Eli Lilly-linked Notes pay 9.00% per annum with an initial value of $1,064.29 and a threshold/barrier of $582.70 (54.75%).
The Notes run to January 26, 2029 and are observed quarterly, callable after six months if the relevant share price is at or above its initial value. Coupons are only paid when the share closes at or above the coupon barrier. If the Notes are not called and the final share price is below the downside threshold, investors receive less than principal in line with the stock’s decline and may lose all of their investment. Payments also depend on the creditworthiness of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering $500,000 of unsecured structured notes fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing January 26, 2029.
The notes provide an uncapped upside of 1.69 times any positive return of the least performing index at maturity. If all three indices finish at or above 70% of their initial levels, investors receive full principal back. The product pays no interest and offers no dividends.
If any index closes below 70% of its initial level on the observation date, investors lose 1% of principal for each 1% decline of the least performing index, up to a total loss. The notes are issued in $1,000 minimum denominations, priced at $1,000 with $7.50 in fees and estimated value of $980.60, are not FDIC insured and will not be listed on an exchange, so liquidity may be limited.
JPMorgan Chase Financial Company LLC is offering $2.58 million of Uncapped Dual Directional Buffered Return Enhanced Notes linked to the lesser of the Russell 2000 Index and the S&P 500 Index, maturing January 27, 2028 and fully guaranteed by JPMorgan Chase & Co.
At maturity, if the lesser-performing index is above its initial level, investors receive 1.25 times that gain. If both indices are flat or down by up to 10%, investors get a positive, uncapped return equal to the absolute decline of the lesser-performing index, up to 10%.
If either index falls by more than 10%, principal is reduced 1% for each 1% drop beyond the 10% buffer, up to a 90% loss. The notes pay no interest or dividends, are unsecured, and depend on the credit of JPMorgan Financial and JPMorgan Chase & Co. The total price to the public is $1,000 per note, with selling commissions of $9 and proceeds to the issuer of $991 per note; the estimated value at pricing was $983.70 per $1,000 note, reflecting embedded selling, structuring and hedging costs and likely lower secondary market values.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $350,000 of Capped Buffered Equity Notes linked to the S&P 500® Index, maturing on February 26, 2027. The notes offer 1.00x index upside, capped at a 9.05% maximum return.
Principal is protected only by a 15.00% downside buffer. If the index falls more than 15%, investors lose 1% of principal for each additional 1% decline, up to an 85.00% loss. The price to public is $1,000 per note, with an estimated value of $981.50.
JPMorgan Chase Financial Company LLC is offering $1,852,000 of Uncapped Accelerated Barrier Notes linked to the worst performer among the iShares MSCI Emerging Markets ETF, the EURO STOXX 50 Index and the STOXX Europe 600 Index, maturing in January 2031 and fully guaranteed by JPMorgan Chase & Co.
The notes provide 2.381 times any positive return of the least performing underlying at maturity, but pay no interest or dividends. Principal is protected only if each underlying stays at or above 60% of its initial value on the observation date; otherwise, losses match the full decline of the worst performer and can reach 100%.
The price to the public is $1,000 per note, including $30 in selling commissions and an $8.50 structuring fee per $1,000, while the estimated value at issuance is $928.30, reflecting embedded costs and JPMorgan’s internal funding rate. The notes are unsecured, not FDIC insured, will not be listed on an exchange, and secondary market prices are expected to be below the issue price and sensitive to market, credit and volatility factors.
JPMorgan Chase Financial Company LLC is issuing $500,000 of Dual Directional Digital Barrier Notes linked to the S&P 500 Index, due January 27, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay no interest. If the final index level is at or above the strike of 6,796.86, investors receive a fixed 2.00% return, or $1,020 per $1,000 note. If the index is below the strike but at or above 70.00% of the strike, investors receive 300.00% of the absolute index decline, capped so the maximum payment is $1,900 per $1,000 note.
If the index closes below the 70.00% barrier on the observation date, principal is exposed 1-for-1 to losses, up to a total loss. The price to public is $1,000 per note, with $20 in selling commissions and a $6 structuring fee per $1,000; the issuer’s estimated value is $961.50, and the notes are unsecured, not FDIC insured and are expected to be illiquid.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the State Street® Financial Select Sector SPDR® ETF (XLF). Each note has a $1,000 principal amount and can pay quarterly Contingent Interest Payments of at least $20.00 per note if XLF is at or above an Interest Barrier.
The Interest Barrier and Trigger Level are both set at $43.256759, equal to 80.99% of the Share Strike Price of $53.41, observed on review dates. If XLF closes at or above the Share Strike Price on any non-final review date, the notes are automatically called, returning $1,000 plus the applicable interest and any unpaid prior interest.
If the notes are not called and XLF’s Final Share Price on the valuation date stays at or above the Trigger Level, investors receive $1,000 at maturity plus the final contingent interest and any unpaid coupons. If a Trigger Event occurs (Final Share Price below the Trigger Level), repayment is reduced dollar-for-dollar with the ETF’s loss, so holders lose more than 19.01% of principal and could lose the entire investment. The preliminary estimated value is about $981.60 per $1,000 note and will not be less than $970.00 when finalized.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering digital buffered notes linked to the S&P 500® Index. The notes run to February 18, 2027, with the index level observed on a single valuation date.
If the S&P 500 ending level is at or above its initial level, or down by up to 15%, investors receive a fixed “contingent digital” return of at least 6.75%, capping total upside at a maximum payment of $1,067.50 per $1,000 note. If the index falls by more than 15%, principal is exposed on a leveraged basis: for every 1% drop beyond the 15% buffer, repayment falls by 1.17647%, allowing for the possibility of a total loss.
The notes pay no interest or dividends, carry the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., and are not listed on an exchange. If priced on the indicated date, the estimated value would be about $987 per $1,000 note, and will not be less than $970 when finalized. JPMorgan has also separately committed $900,000 in unconditional donations to Blue Star Families, which are not contingent on note sales.
JPMorgan Chase Financial Company LLC is offering unsecured, auto callable buffered equity notes linked to the common stock of Marvell Technology, Inc. The notes can be automatically called after about one year if Marvell’s share price is at or above its initial level, paying $1,000 plus a call premium of at least 27.40% per note.
If not called and held to maturity, investors receive either an uncapped upside return on Marvell’s stock or a Contingent Minimum Return of at least 54.80%, whichever is greater, when the stock finishes at or above its initial price. A 30.00% buffer provides full principal return for moderate declines, but beyond that loss is leveraged at 1.42857 times, so a large drop in Marvell’s stock can result in substantial or total principal loss. The notes pay no interest or dividends and carry the credit risk of JPMorgan Financial and JPMorgan Chase & Co., with an estimated initial value below the $1,000 issue price due to selling, structuring and hedging costs.
JPMorgan Chase Financial Company LLC is offering capped dual directional contingent buffered equity notes linked to the S&P 500® Index. The notes provide unleveraged exposure to index moves over roughly one year, with a Minimum denomination of $10,000 and increments of $1,000.
If the index rises, investors gain the index return up to a Maximum Upside Return of at least 10.00%. If the index falls by up to the 17.83% contingent buffer, investors earn the absolute value of that loss, up to a maximum negative-index payment of $1,178.30 per $1,000. If the index declines by more than 17.83%, principal is exposed 1‑for‑1 and investors can lose all of their investment.
The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, and are fully and unconditionally guaranteed by JPMorgan Chase & Co. The estimated value, if priced on the illustrated date, would be about $985.60 per $1,000 and will not be less than $970.00, reflecting selling commissions, hedging costs and issuer funding assumptions. The product embeds significant risks, including issuer and guarantor credit risk, limited upside, buffer risk, potential illiquidity and complex U.S. tax treatment, and is intended only for investors who can hold to maturity and bear possible loss of principal.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable buffered equity notes linked to the S&P 500® Index. The notes may be automatically called on the February 12, 2027 review date if the index closes at or above its initial level, paying $1,000 plus a call premium of at least 8.35% per note.
If not called and the ending index level on the January 31, 2028 valuation date is at or above the initial level, investors receive uncapped upside with a contingent minimum return of at least 16.70% at maturity. A 15.00% buffer limits losses for moderate declines, but beyond that investors lose 1.17647% of principal for each 1% additional drop, risking substantial principal loss. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, have a minimum denomination of $10,000, and an estimated value currently illustrated at about $979.50 per $1,000, not less than $960.00 when terms are set. JPMorgan has also agreed to unconditional donations of $900,000 in total to Blue Star Families, separate from this offering.
JPMorgan Chase Financial Company LLC is offering $1,000,000 of unsecured Digital Barrier Notes linked to the common stock of Marvell Technology, Inc. (MRVL), guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and matures on February 26, 2027.
If the stock’s final price on the observation date is at or above the Barrier Amount of 50% of the initial price (based on an Initial Value of $80.23, Barrier $40.115), holders receive principal plus a fixed 15.50% return, or $1,155 per note. If the final price is below the barrier, repayment is fully exposed to the stock’s decline, and investors can lose more than half or up to all of their principal.
The notes pay no interest or dividends, are not insured, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including selling commissions and a structuring fee, versus an estimated value of $979.70. The notes will not be listed, and any secondary market is expected to be limited and at prices below the issue price.
JPMorgan Chase Financial Company LLC is offering $250,000 of Capped Buffered Return Enhanced Notes linked to the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on July 27, 2028 and are issued in $1,000 denominations.
At maturity, investors receive 1.50 times any positive Index return, capped at a maximum return of 25.75% (up to $1,257.50 per $1,000 note), with a 10% downside buffer. If the Index falls more than 10%, principal is reduced 1% for each additional 1% decline, up to a 90% loss. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both issuers, and were priced with an estimated value of $977.70 per $1,000 note.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $2,078,000 of unsecured Callable Contingent Interest Notes due January 26, 2029 linked separately to three underlyings: the Nasdaq-100® Technology Sector, the SPDR® S&P® Regional Banking ETF and the Energy Select Sector SPDR® ETF.
The notes pay a contingent coupon of 12.00% per annum, credited monthly, but only for Review Dates when the closing value of each underlying is at or above 70% of its initial value. Principal is protected only if, at maturity, every underlying finishes at or above 50% of its initial value; otherwise, repayment is reduced one-for-one with the loss in the worst performer and investors can lose most or all of their capital.
JPMorgan may redeem the notes early, in whole, on specified Interest Payment Dates starting July 28, 2026, returning $1,000 per note plus the applicable coupon. The price to public is $1,000 per note, including $7 in selling commissions, while the issuer’s estimated value at pricing is $967.30, reflecting embedded fees, hedging costs and the issuer’s internal funding rate.
JPMorgan Chase Financial Company LLC is issuing $265,000 of Auto Callable Contingent Interest Notes linked to the Class A common stock of DoorDash, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to mature on January 26, 2029.
The notes pay a contingent interest rate of 16.50% per year, or $41.25 per $1,000 each quarter, but only for Review Dates when DoorDash’s closing stock price is at least the Interest Barrier, set at 60.00% of the Initial Value of $207.23 (i.e., $124.338). If on any non-final Review Date the stock closes at or above the Initial Value, the notes are automatically called, and investors receive $1,000 plus that period’s interest, with no further payments.
If the notes are not called and the final DoorDash price is at or above the Trigger Value (also 60.00% of the Initial Value), investors receive $1,000 plus the last contingent interest payment. If the final price is below the Trigger Value, repayment is reduced in line with the stock loss, and investors can lose more than 40% and up to all of their principal. The notes are unsecured, not FDIC insured, not listed on any exchange, and their estimated value at pricing was $953.50 per $1,000 due to selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $696,000 of Callable Contingent Interest Notes linked to the least performing of the iShares Silver Trust, SPDR Gold Trust and iShares 20+ Year Treasury Bond ETF, maturing January 26, 2029.
The notes pay a monthly contingent coupon of $11.2917 per $1,000 (a 13.55% annual rate) only if on each Review Date all three funds close at or above 60.00% of their initial prices; otherwise no interest is paid for that period. If held to maturity and any fund finishes below 50.00% of its initial value, repayment is reduced one-for-one with the decline in the worst performer, and investors can lose more than 50.00% and up to all principal. JPMorgan may redeem the notes early on specified interest dates, and the estimated value at pricing was $944.80 per $1,000, below the $1,000 issue price due to fees and hedging costs.
JPMorgan Chase Financial Company LLC is issuing $749,000 of Uncapped Dual Directional Accelerated Barrier Notes linked to the lesser performer of the iShares Semiconductor ETF and the Nasdaq-100 Index, maturing on January 26, 2029 and fully guaranteed by JPMorgan Chase & Co.
The notes offer 1.01 times any positive return of the weaker underlying at maturity and, if both underlyings stay at or above 70% of their initial values, a positive return equal to the absolute decline of the weaker one, capped at 30%. If either underlying finishes below its 70% barrier, investors lose 1% of principal for each 1% decline of the lesser performer and can lose their entire investment.
The notes pay no interest, offer no dividends, are unsecured obligations, and will not be listed on an exchange. The price to the public is $1,000 per note, including $29.50 in fees, versus an estimated value of $936.70 per $1,000, and secondary market values are expected to be lower than the issue price.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,200,000 of Buffered Digital Dual Directional Notes linked to the S&P 500® Futures Excess Return Index, maturing on January 28, 2031. The notes offer uncapped exposure to index gains with a contingent digital return of 44.30% if the final index level is at or above the initial level, or full participation in positive index performance if it is higher.
If the index falls by up to 15.00%, investors receive a positive return equal to the absolute decline, capped at 15.00%. Below that buffer, principal is reduced 1% for each additional 1% decline, with up to 85.00% of principal at risk. The notes pay no interest, are unsecured and unsubordinated obligations, and are sold in $1,000 minimums at $1,000 per note, including $41.25 in fees per $1,000. The issuer’s estimated value is $944.30 per $1,000 note, reflecting structuring, distribution and hedging costs.
JPMorgan Chase Financial Company LLC is offering $21,294,000 of structured "Review Notes" linked to the Dow Jones Industrial Average, Nasdaq‑100 Index and S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each $1,000 note can be automatically called on scheduled review dates in 2027, 2028 or 2029 if all three indices are at or above preset call levels, paying back $1,000 plus call premiums of 11%, 22% or 33%, respectively.
If the notes are not called and each index finishes at or above 70% of its strike level on the final review date, investors receive their $1,000 principal. If any index finishes below its 70% barrier, maturity payment is reduced one‑for‑one with the loss on the worst‑performing index, and investors can lose some or all principal. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, and were sold at $1,000 per note with an estimated value of $977.70 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC is issuing $4,061,000 of structured notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a $1,000 minimum denomination, price to public of $1,000, selling fees of $39 and net proceeds of $961 per note, with an estimated value at pricing of $918.50.
The notes can be automatically called as early as January 28, 2027 if the Index is at or above its initial level, paying back $1,000 plus a call premium that starts at 24.25% and rises to 121.25% by the final Review Date. If not called, principal is protected only down to a 15% Index decline; below that buffer, holders lose 1% of principal for each additional 1% Index loss, up to 85% loss at maturity.
The Index embeds a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, which drag on performance and cause the Index to lag an equivalent index without these charges. The notes pay no interest, pass through no QQQ or equity dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not expected to be listed, so liquidity will depend on dealer interest at potentially discounted prices.
JPMorgan Chase Financial Company LLC is offering $1,545,000 of Callable Contingent Interest Notes due January 28, 2031, linked individually to the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes can pay a contingent monthly interest at a rate of 7.50% per annum (0.625% per month) for any Review Date on which the closing level of each index is at least 55.00% of its Initial Value, called the Interest Barrier. If any index closes below its barrier on a Review Date, no interest is paid for that period.
The issuer may redeem the notes early, in whole, on specified Interest Payment Dates starting January 28, 2027, paying $1,000 per note plus any due contingent interest, after which no further payments are made. If the notes are not redeemed and, on the final Review Date, any index is below its Trigger Value (also 55.00% of its Initial Value), repayment of principal is reduced in line with the Least Performing Index, and investors can lose some or all of their investment.
The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits or FDIC insured, and are not listed on any exchange. Original issue price is $1,000 per note, including selling commissions of $7.50, while the estimated value at pricing was $971.90, reflecting embedded costs and hedging assumptions.
JPMorgan Chase Financial Company LLC is offering $3,292,000 of auto callable contingent interest notes linked to the Class A common stock of Meta Platforms, Inc., maturing on January 28, 2027 and fully guaranteed by JPMorgan Chase & Co.
The notes pay a contingent interest rate of 11.25% per annum (0.9375% per month) only for Review Dates when Meta’s closing price is at or above 70% of the initial stock value; missed coupons can be made up later if the barrier is met. The notes are automatically called, starting July 23, 2026, if Meta’s price on an eligible Review Date is at or above the initial value, returning $1,000 per note plus due interest.
If the notes are not called and Meta’s final price is below 70% of the initial value, investors lose principal dollar-for-dollar with the stock decline and can lose their entire investment. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., carry limited liquidity, and have an estimated value of $974.40 per $1,000 at pricing, below the issue price.
JPMorgan Chase Financial Company LLC is offering $250,000 of unsecured Callable Contingent Interest Notes linked to the worst performer among the Dow Jones Industrial Average, the Nasdaq-100 Technology Sector and the Russell 2000 Index, guaranteed by JPMorgan Chase & Co. The notes pay a monthly contingent coupon at a rate of 8.60% per annum only if on a Review Date each index is at or above 70% of its Initial Value; otherwise no interest is paid for that period.
The issuer may redeem the notes early, in whole, on specified Interest Payment Dates starting July 28, 2026, paying $1,000 per note plus the applicable contingent interest. If the notes are not redeemed and, on the final Review Date, each index is at or above its 70% Trigger Value, investors receive $1,000 per note plus the final contingent coupon. If any index finishes below its Trigger Value, repayment is reduced in proportion to the decline of the worst-performing index, and investors can lose some or all principal. The price to public is $1,000 per note, with an estimated value of $952.50, and the notes will not be listed or insured.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured, unsubordinated callable contingent interest notes linked individually to the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, maturing January 3, 2028. Investors receive a Contingent Interest Payment on a Review Date only if the closing level of each index is at least 70% of its Initial Value, with an illustrated Contingent Interest Rate of 8.30% per annum (0.69167% per month). The issuer may redeem the notes early on specified Interest Payment Dates starting May 4, 2026, paying $1,000 plus any due contingent interest. If the notes are not redeemed and the Final Value of any index is below its 70% Trigger Value, repayment of principal is reduced one-for-one with the decline of the least performing index, potentially to zero. The estimated value is illustrated at approximately $961.90 per $1,000 note and will not be less than $900.00 per $1,000 at pricing. The notes are not bank deposits, are not FDIC insured and carry significant market, credit, liquidity and structural risks.
JPMorgan Chase Financial Company LLC is issuing $170,000 of auto callable contingent interest notes linked to Hewlett Packard Enterprise common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a contingent interest rate of 15.00% per annum (3.75% per quarter) only for review dates when HPE’s closing price is at or above 60.00% of the initial stock value, and the notes are automatically called if HPE closes at or above the initial value on any non-final review date. If the notes are not called and HPE finishes below the 60.00% trigger at maturity, investors lose 1% of principal for each 1% decline from the initial value, up to a total loss of principal.
The price to the public is $1,000 per note, with $20 in fees and commissions and $980 in proceeds to the issuer, while the estimated value at pricing is $957.30 per $1,000 note, reflecting structuring, selling and hedging costs. The notes are unsecured, not FDIC-insured, may be illiquid, and expose holders to both HPE share performance and the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering $1,500,000 of unsecured Callable Contingent Interest Notes linked to the lesser performing of the Nasdaq-100® Technology Sector and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon at a rate of 6.75% per annum only on review dates when each index closes at or above 70% of its initial level and may be called early at the issuer’s option on specified dates starting January 28, 2027. If held to maturity and either index finishes below its 80% buffer threshold, investors lose 1% of principal for each 1% drop beyond the 20% buffer, up to an 80% loss. The price to public is $1,000 per note, with an estimated value of $989.20, and the notes will not be listed, so liquidity and secondary market pricing are key risks.
JPMorgan Chase Financial Company LLC is offering $1,428,000 of market-linked securities tied to Affirm Holdings’ Class A common stock, maturing January 26, 2029. These auto-callable notes pay a high contingent coupon of 16.35% per year, but only if Affirm’s stock closes at or above a threshold on quarterly calculation days, with a “memory” feature that can repay skipped coupons later. If the stock stays weak, investors may receive no coupons at all.
If the stock closes at or above the starting price on specified quarterly dates from April 2026 to October 2028, the notes are automatically called for principal plus the due coupon and any unpaid coupons. If not called, full principal is repaid at maturity only if the final stock price is at least 50% of the starting price ($35.715); below that level, repayment is reduced one-for-one with the stock decline, so investors can lose more than half, up to all, of their investment. The notes are unsecured obligations of JPMorgan Chase Financial, guaranteed by JPMorgan Chase & Co., and do not pay dividends or share in stock gains.
JPMorgan Chase Financial Company LLC is offering $490,000 of 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 pay a monthly contingent coupon of 1.16667% (equivalent to 14.00% per annum) when the index is at or above 70% of its initial level, and may be automatically called as early as July 23, 2026 if the index is at or above its initial value on specified review dates.
Principal is protected only down to a 30% buffer; if at maturity the index has fallen more than 30% from its initial level, repayment is reduced using a 1.42857 downside leverage factor, so investors can lose some or all of their capital. The underlying index uses leveraged exposure to E-mini S&P 500 futures and includes a 6.0% per annum daily deduction, which creates a performance drag. The notes priced at $1,000 per denomination, with $10 in selling commissions and $990 in proceeds to the issuer, and carry full credit risk of both JPMorgan Chase Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering unsecured, callable contingent interest notes due February 1, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment on a Review Date only if the closing level of each of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index is at least 70.00% of its Initial Value.
The issuer may redeem the notes early, in whole, on specified Interest Payment Dates starting on August 3, 2026. If the notes are not redeemed and on the final Review Date the Final Value of each index is at or above its Trigger Value (70.00% of Initial Value), investors receive $1,000 per note plus the final Contingent Interest Payment. If any index finishes below its Trigger Value, repayment of principal is reduced 1% for each 1% decline of the Least Performing Index, potentially down to zero. The notes have minimum denominations of $1,000, a Contingent Interest Rate of at least 8.40% per annum, and, if priced today, an estimated value of approximately $955.30 per $1,000 principal amount, with the final estimated value to be at least $900.00 per $1,000.
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated callable contingent interest notes linked separately 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 pay a monthly Contingent Interest Payment only if, on a given review date, the closing level of each index is at or above 70% of its initial value. The indicative contingent interest rate is at least 10.75% per annum, with illustrative total payments up to about $206.04 over the term per $1,000 note if all 23 payments are made.
The issuer may redeem the notes early on specified interest payment dates, starting August 6, 2026, returning principal plus any due contingent interest. If the notes are not redeemed and, at maturity, any index finishes below 70% of its initial value, the maturity payment is reduced one-for-one with the decline of the least performing index, and investors can lose some or all principal, as illustrated by a hypothetical payoff of $400 on a 60% index decline.
The notes’ estimated value, if priced on the described date, would be about $978.20 per $1,000 note, and the final estimated value at pricing will not be less than $900, reflecting embedded selling commissions, hedging costs and issuer funding assumptions. The notes are not bank deposits, are not FDIC insured, may be illiquid, and are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., as well as equity, small-cap, technology-sector and non-U.S. securities risks.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Callable Contingent Interest Notes linked to the least performing of three underlyings: the Nasdaq-100® Technology Sector, the Russell 2000® Index and the State Street® SPDR® S&P® Regional Banking ETF, maturing January 3, 2028.
The notes pay a contingent monthly coupon only when the closing value of each underlying on a review date is at or above 55% of its initial value (the Interest Barrier). The same 55% level acts as a Trigger Value at maturity: if any underlying finishes below its trigger and the notes were not called, repayment of principal is reduced one-for-one with the decline in the least performing underlying, potentially to zero.
The issuer can redeem the notes early at par plus the applicable coupon on any interest payment date starting May 4, 2026, which would stop future payments. The hypothetical contingent interest rate is illustrated at 8.00% per year (0.66667% per month), and the indicative estimated value is about $957 per $1,000 principal, with a final estimated value at pricing not less than $900 per $1,000, reflecting selling commissions (up to $22.25 per $1,000) and hedging and structuring costs.
Key risks include loss of some or all principal, the possibility of no interest over the life of the notes, exposure to the weakest of the three underlyings, sector-specific concentration in technology, small-cap equities and regional banks, lack of listing and limited liquidity, and the credit risk of both the issuer and guarantor. U.S. tax treatment is complex; the notes are intended to be treated as prepaid forward contracts with associated contingent coupons.
JPMorgan Chase Financial Company LLC is offering $1,000,000 of callable Contingent Interest Notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indices, fully guaranteed by JPMorgan Chase & Co. The notes pay a monthly contingent coupon at a 9.65% per annum rate (0.80417% per month) only if, on each Review Date, every index closes at or above 70% of its initial level. Starting April 28, 2026, JPMorgan may redeem the notes on specified interest dates, returning $1,000 per note plus any due interest.
If the notes are not called and any index finishes below 65% of its initial level at maturity, investors lose 1% of principal for each 1% decline of the worst-performing index, potentially losing all principal. The estimated value at pricing was $975.80 per $1,000 note, below the $1,000 issue price, reflecting selling commissions, hedging costs and the issuer’s internal funding rate. The notes are unsecured, subject to JPMorgan credit risk, offer no dividend rights, will not be listed on an exchange and may have limited or no liquidity.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,285,000 in auto callable contingent interest notes maturing on December 29, 2027. The notes pay a contingent interest rate of 9.35% per annum (0.77917% per month) only when each of the three underlyings—the Nasdaq-100® Technology Sector, the Russell 2000® Index and the State Street® Energy Select Sector SPDR® ETF—closes on a review date at or above 60% of its initial value. Starting with the July 23, 2026 review date (excluding the first five and the final review dates), the notes are automatically called if each underlying is at or above its initial value, returning $1,000 principal plus that period’s interest. If the notes are not called and any underlying finishes below 55% of its initial value at maturity, investors lose principal in proportion to the decline of the least performing underlying, up to a total loss. The notes price at $1,000 per denomination, with an estimated value of $981.90 per $1,000, and are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering $2,160,000 of auto callable contingent interest notes linked to Dell Technologies Class C common stock, fully guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 18.00% per annum (4.50% per quarter) only for Review Dates when Dell’s closing share price is at or above 60.00% of the Initial Value, defined as the Interest Barrier.
The notes are automatically called on any non-final Review Date if Dell’s share price is at or above the Initial Value, in which case investors receive $1,000 per note plus the applicable contingent interest and no further payments. If the notes are not called and the Final Value is at or above the 60.00% Trigger Value, investors receive principal plus the final contingent interest; if the Final Value is below the Trigger Value, repayment is $1,000 plus $1,000 times the stock return, exposing holders to significant principal loss, up to 100%.
The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and may have limited or no secondary market. The price to public is $1,000 per note, including $20 in selling commissions, while the estimated value at pricing is $960.20 per $1,000 note, reflecting structuring and hedging costs.
JPMorgan Chase Financial Company LLC is offering $500,000 of structured Review Notes linked to the least-performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called as early as January 28, 2027 if each index closes at or above its Call Value, paying $1,000 principal plus a Call Premium Amount that starts at 13.150% and can reach 39.450% by the final Review Date.
If the notes are not called, investors receive full principal at maturity only if the final level of every index is at or above its Initial Value less a 15% buffer; otherwise, repayment is reduced based on the worst-performing index, with up to 85% of principal at risk. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and had an estimated value at pricing of $978.60 per $1,000 note versus a $1,000 issue price.
JPMorgan Chase Financial Company LLC is offering $899,000 of auto callable accelerated barrier notes linked to the lesser performing of the Nasdaq-100 Index® and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may be automatically called on January 27, 2027 if each index closes at or above its Call Value, paying $1,000 plus a fixed call premium of $129.50 per note. If not called and both indices finish above their initial levels at maturity on January 27, 2028, holders receive $1,000 plus 1.50 times the gain of the lesser performing index.
If the notes are not called and either index finishes below a 70% barrier, repayment of principal is reduced one-for-one with the decline of the lesser performing index, and investors can lose all of their investment. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not listed. The price to public is $1,000 per note, with selling commissions of $9.50 and an estimated value of $982.60.
JPMorgan Chase Financial Company LLC is offering $852,000 of auto callable accelerated barrier notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on February 5, 2027 if each index is at or above its Call Value, paying $1,000 plus a fixed call premium of $240 per note. If not called and each index finishes above its initial level at maturity in January 2029, investors receive 1.5 times the gain of the least performing index. If any index finishes below its 80% barrier level, principal is reduced one-for-one with the loss on the least performing index, down to zero. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, are not FDIC insured, and may have limited or no secondary market liquidity. The estimated value at pricing was $984.10 per $1,000 note, below the original issue price.
JPMorgan Chase Financial Company LLC is offering $500,000 of Auto Callable Contingent Interest Notes linked to the Class A common stock of Reddit, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 26.00% per annum (2.16667% monthly) for each month the Reddit share price is at or above 50.00% of the Strike Value of $214.54, setting the Interest Barrier and Trigger Value at $107.27.
The notes can be automatically called quarterly starting July 22, 2026 if Reddit’s share price is at or above the Strike Value, returning $1,000 per note plus the applicable contingent interest. If not called and the final Reddit price on January 22, 2029 is below the Trigger Value, investors lose 1% of principal for each 1% decline from the Strike Value and can lose all principal. The notes are unsecured, not FDIC insured, priced at $1,000 per note with an estimated value of $973.90.
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated callable contingent interest notes linked individually to the Russell 2000 Index, the S&P 500 Index and the State Street Technology Select Sector SPDR ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can pay a monthly Contingent Interest Payment only if on a Review Date each underlying is at or above 70% of its Initial Value; otherwise no interest is paid for that period. JPMorgan may redeem the notes early on specified interest payment dates, starting April 30, 2026, returning principal plus any due contingent interest, which may limit the total income earned. If the notes are not redeemed and the least performing underlying finishes below its Trigger Value (also 70% of Initial Value), repayment of principal is reduced one-for-one with the decline and can fall to zero. The preliminary estimated value is about $976.60 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting embedded selling, structuring and hedging costs. The notes are not deposits, are not FDIC insured, and carry both market risk on the underlyings and the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the worst performer of the Russell 2000 Index, the S&P 500 Index and the State Street Utilities Select Sector SPDR ETF, maturing in February 2028. Investors receive a contingent monthly interest payment only if, on a review date, each underlying closes at or above 70% of its initial value; otherwise, no interest is paid for that period.
The issuer can redeem the notes early on most interest payment dates starting in May 2026, paying principal plus any due contingent interest. If the notes are not redeemed and, on the final review date, any underlying finishes below 60% of its initial value, principal is reduced in line with the decline of the worst-performing underlying, which can result in a substantial or total loss. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are not FDIC insured. A hypothetical contingent interest rate of 8.00% per annum (0.66667% per month) is used in the examples.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on February 27, 2031. The notes can be automatically called on scheduled Review Dates starting February 24, 2027 if the Index is at or above the Call Value, paying back $1,000 plus a fixed Call Premium Amount that starts at 18.5% of principal and steps up over time.
If the notes are not called, investors receive full principal at maturity only if the Index decline does not exceed the 15% buffer. If the Index falls by more than 15%, repayment is reduced dollar-for-dollar beyond that buffer, with losses of up to 85% of principal possible.
The Index is a rules-based strategy linked to the Invesco QQQ Fund, subject to a 6.0% per annum daily deduction and a notional financing cost, which together drag on performance and cause the Index to lag a comparable version without such charges. The notes pay no interest, offer no dividends, are unsecured obligations subject to the credit risk of JPMorgan entities, and are not bank deposits or FDIC insured.
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 are designed to pay 1.00 times any gain in the index at maturity, up to a maximum return of at least 11.20%, which corresponds to at least $1,112 per $1,000 note.
A 20.00% downside buffer protects principal against moderate index declines. If the index falls by more than 20.00%, repayment is reduced 1% for each additional 1% drop, so a 50.00% decline would return $700 per $1,000 and a 100.00% decline would return $200, meaning up to an 80.00% loss of principal. The notes pay no interest and provide no dividends from index constituents.
The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and JPMorgan Chase & Co. If priced on the terms shown, the estimated value would be approximately $966.40 per $1,000 note and will not be less than $900.00 per $1,000 when finalized, reflecting selling commissions, structuring and hedging costs.
JPMorgan Chase Financial Company LLC is offering $912,000 of Auto Callable Contingent Interest Notes linked to the Class A common stock of Lennar Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 11.00% per annum (2.75% per quarter) when, on a Review Date, Lennar’s share price is at or above 60.00% of the initial price of $111.84, an interest barrier of $67.104. Missed interest can be paid later if the barrier is met on a future Review Date.
The notes may be automatically called starting July 23, 2026 if Lennar’s share price on a non-initial, non-final Review Date is at or above the initial value, returning $1,000 principal plus due and unpaid contingent interest. If not called, and Lennar’s final price is at or above the 60.00% trigger, investors receive full principal plus applicable contingent interest; if it is below, repayment is $1,000 plus $1,000 times the stock return, exposing investors to losses greater than 40% and up to total loss. The notes are unsecured, not FDIC insured, priced at $1,000 per note with $18.50 in fees, and had an estimated value of $961.00 at pricing.
JPMorgan Chase Financial Company LLC is offering $1,000,000 of structured Review Notes linked to the least performing of the EURO STOXX 50® Index, the iShares® MSCI Emerging Markets ETF and the iShares® MSCI EAFE ETF, maturing on January 24, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The $1,000-denomination notes can be automatically called on scheduled Review Dates starting January 26, 2027 if each underlying is at or above its Call Value, paying back principal plus a fixed Call Premium that steps up from 11.9% to 59.5%. If not called, and on the final Review Date every underlying is at or above its Barrier Amount, investors receive principal back; if any underlying finishes below its barrier, the maturity payment is $1,000 plus $1,000 times the return of the least performing underlying, so losses can exceed 30% and reach 100% of principal. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan Financial’s and JPMorgan Chase & Co.’s credit risk, are not FDIC insured, and may be illiquid. The price to public is $1,000 per note, including $6 in selling fees, with issuer proceeds of $994 per note and an estimated value of $974.10.