Here are the 424B prospectus supplements from Alerian MLP Index ETNs due January 28 2044 (AMJB) in our archive over the last 12 months, 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 Financial is offering unsecured, dual directional structured notes linked to the lesser performance of the Russell 2000® and S&P 500® indexes, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature in January 2028 and pay no interest or dividends.
At maturity, if both indexes rise, holders receive the principal plus at least 1.25x the gain of the worse-performing index. If either index is flat or down by up to the 10% buffer, investors receive the principal plus the absolute value of that loss, capped at a 10% positive return. If either index falls by more than 10%, investors lose 1% of principal for every 1% additional decline, up to a 90% loss.
The notes are not listed, so liquidity depends on JPMS making a market. They carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value is indicated around $983.60 per $1,000 principal (and will not be less than $900), reflecting embedded costs and hedging. The tax treatment is complex and may be affected by future IRS guidance.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked separately to Caterpillar, NVIDIA and Walmart stock, maturing in January 2029 and fully guaranteed by JPMorgan Chase & Co. The notes target high coupons, with a Contingent Interest Rate of at least 19.05% per annum, paid only when each stock closes at or above 70% of its initial value on a Review Date, and missed interest can be paid later if barriers are met.
The notes may be automatically called as early as July 20, 2026 if each stock is at or above its initial value, returning principal plus due interest but ending future payments. If held to maturity and any stock finishes below its Trigger Value, repayment is reduced in line with the worst-performing stock and investors can lose a significant portion or all of their principal. If the notes priced on the example date, the estimated value would be about $976.70 per $1,000 note and will not be less than $900.00, reflecting selling commissions, hedging costs and issuer funding assumptions. Investors also face issuer and guarantor credit risk, no dividends, limited liquidity and complex, evolving tax treatment.
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated digital buffered notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target investors seeking a fixed return rather than direct equity exposure.
If at maturity the S&P 500® ending level is at or above its initial level, or down by up to 15.00%, holders receive a contingent digital return of at least 6.70%, for a maximum payment of $1,067 per $1,000 note. If the index falls by more than 15.00%, investors lose principal on a leveraged basis, 1.17647% for each additional 1% decline, potentially losing all principal.
The notes pay no interest or dividends, are not FDIC insured, and will not be listed on an exchange, so liquidity may be limited. The preliminary estimated value is about $987.40 per $1,000 note and will not be less than $960.00 when finalized. JPMorgan and affiliates expect hedging profits and have separately committed $900,000 in donations to Blue Star Families, which are not contingent on note sales.
JPMorgan Financial is issuing $1,414,000 of auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 11.15% per year (2.7875% per quarter) only when, on a Review Date, the Index closes at or above 60% of its Initial Value. The notes may be automatically called as early as July 9, 2026 if, on a Review Date (other than the first and final), the Index is at or above its Initial Value, in which case investors receive $1,000 plus the applicable interest and no further payments.
If the notes are not called and, on the final Review Date, the Index is below the 60% Trigger Value, repayment of principal is reduced one-for-one with the Index loss, and investors can lose more than 40% and up to all of their principal. The underlying Index uses dynamic leveraged exposure to the Invesco QQQ Trust with a 35% target volatility, is subject to a 6.0% per annum daily deduction and a notional financing cost, which together drag performance. Minimum denomination is $1,000, the price to public is $1,000 per note, and the estimated value is $903.60 per $1,000.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering buffered digital notes linked to the S&P 500® Index, maturing on July 16, 2027. The notes target a fixed contingent digital return of at least 13.20% per $1,000 note if the index is flat, higher, or down by up to the 10.00% buffer at maturity.
If the index falls by more than 10.00%, principal is reduced by 1.11111% for every 1% drop beyond the buffer, so investors can lose some or all of their investment. The notes pay no interest, do not provide dividends, and are unsecured obligations subject to the credit risk of both the issuer and guarantor. The estimated value would be about $992.80 per $1,000 note on the trade date and will not be less than $960.00, and the notes are not expected to be listed, limiting liquidity.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured “Review Notes” linked to the least performing of the S&P 500 Index, the Nasdaq‑100 Index and the State Street SPDR S&P Regional Banking ETF, maturing in January 2030. The notes are issued in $1,000 minimum denominations and offer the potential for automatic early redemption on scheduled review dates starting in January 2027 if each underlying is at or above 100% of its initial value.
If called, investors receive $1,000 plus a call premium that starts at least at 13.250% of principal and can reach at least 53.000% on the final review date. If the notes are not called and, at maturity, every underlying is at or above 70% of its initial value, investors receive full principal back. If any underlying finishes below this 70% barrier, repayment is reduced one‑for‑one with the decline of the worst performer, and investors can lose most or all of their principal.
The notes pay no interest, do not provide dividends from the indices or ETF, and are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co. The preliminary estimated value is approximately $934.60 per $1,000 note, reflecting selling commissions, hedging costs and issuer funding assumptions, and secondary market prices are expected to be below the issue price.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to Amazon.com, Inc. stock, maturing on February 25, 2027. The notes pay a contingent coupon of at least $9.5417 per $1,000 (a rate of at least 11.45% per year, 0.95417% per month) for any Review Date when Amazon’s closing price is at or above 85% of the Initial Value. Automatic call can occur on specified Review Dates starting July 20, 2026 if Amazon’s price is at or above the Initial Value, returning $1,000 plus the applicable coupon.
At maturity, if not called and Amazon’s final price is at or above the 85% buffer threshold, investors receive $1,000 plus the final coupon. If it is below that threshold, principal is reduced using the buffer formula, and investors can lose up to 85% of principal. The minimum denomination is $1,000. The estimated value would be about $970 per $1,000 note if priced on the indicated date and will not be less than $950 per $1,000 when finalized, reflecting selling commissions and hedging costs. The notes are unsecured, not FDIC insured, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, maturing on January 13, 2031. The notes are designed to pay at maturity at least 1.745 times any positive index return, with no cap on upside.
If the index is flat or down by up to the 20% buffer, investors receive their $1,000 principal per note back. If the index falls by more than 20%, investors lose 1% of principal for each additional 1% decline, up to an 80% loss.
The notes pay no interest, are unsecured and unsubordinated obligations of JPMorgan Financial, and are not bank deposits or FDIC insured. A preliminary estimated value is approximately $975.40 per $1,000 note, and the final estimated value will not be less than $930.00, reflecting embedded fees, hedging costs and issuer funding assumptions. The notes will not be listed, and secondary market prices may be materially below the issue price.
JPMorgan Chase Financial Company LLC is offering Contingent Income Auto-Callable Securities due January 19, 2029, linked to the common stock of Wells Fargo & Company. These notes can pay a contingent quarterly coupon of at least 2.6875% of the $1,000 principal (at least $26.875 per note) for each determination date when Wells Fargo’s closing price is at or above 75% of the initial stock price, but pay nothing if it is below that level.
The notes are auto-callable: if on any non-final determination date the stock closes at or above its initial price, investors receive $1,000 plus the applicable coupon and the notes terminate. If not called, and the final stock price is at or above the 75% downside threshold, investors receive $1,000 plus the final coupon. If the final price is below the threshold, repayment of principal is reduced 1-to-1 with the stock’s decline and can fall to zero.
The securities do not participate in any stock upside and are subject to the credit risk of JPMorgan Chase Financial Company LLC and its guarantor, JPMorgan Chase & Co. The estimated value is indicated at approximately $962 per $1,000 today and will not be less than $940 per $1,000 on the pricing date.
JPMorgan Chase Financial Company LLC is offering structured notes that pay a return based on the lesser performance of the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to January 21, 2028, with a 10% downside buffer and an upside leverage factor of at least 1.25 on any gain when both indices finish above their initial levels.
If the weaker index is flat or down by up to 10%, investors receive a positive, uncapped return equal to the absolute move of that index, capped effectively at 10% when it is negative. If either index falls by more than 10%, principal is reduced 1-for-1 beyond the buffer, with up to 90% loss of principal possible. The notes pay no interest or dividends, are unsecured, not FDIC insured, and an indicative estimated value is about $983.60 per $1,000 principal amount, reflecting embedded costs and hedging.
JPMorgan Chase Financial Company LLC is offering preliminary Callable Range Accrual Notes linked to the 10-Year Constant Maturity Treasury (CMT) Rate, maturing on January 26, 2046. The notes pay a fixed 10.00% per annum during the initial interest periods through January 26, 2027, then switch to a variable rate between 0.00% and 10.00% based on how many days in each period the 10-Year CMT Rate is at or below 5.00%.
Starting January 26, 2027, the issuer may redeem the notes monthly at par plus accrued interest, which limits the upside if rates remain favorable. The preliminary materials indicate selling commissions of about $30 per $1,000 principal amount (capped at $50), and an estimated value of about $949 per $1,000 note, not less than $910, reflecting embedded costs and hedging. Payments depend on JPMorgan’s credit and on interest-rate conditions; the notes can be illiquid, and in adverse rate environments investors may earn little or no interest and face price declines before maturity.
JPMorgan Chase Financial Company LLC is offering $4,966,000 of capped enhanced participation basket-linked notes due July 12, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each $1,000 note pays no interest and its maturity value depends on an unequally weighted equity index basket (EURO STOXX 50®, TOPIX®, FTSE® 100, Swiss Market Index and S&P/ASX 200), with a 3.0x upside participation rate, capped at a maximum settlement amount of $1,249 per note.
If the basket finishes below its initial level, investors lose principal one-for-one and can lose their entire investment. The notes are unsecured obligations subject to the credit risk of both the issuer and guarantor, will not be listed, and have limited liquidity. The original issue price is 100% of principal, including a 1.51% selling commission; the issuer’s estimated value is $978.70 per $1,000, reflecting embedded costs and hedging. The tax treatment is uncertain and may be affected by future IRS or Treasury guidance on prepaid forward contracts.
JPMorgan Chase Financial Company LLC is offering $2,957,000 of callable contingent interest notes linked to the Nasdaq-100 Index, the Russell 2000 Index and the State Street Utilities Select Sector SPDR ETF, fully guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 10.40% per year (0.86667% per month) only when, on a Review Date, each underlying is at or above 70% of its initial value. Beginning April 13, 2026, the issuer may redeem the notes early on designated interest payment dates, returning $1,000 per note plus any due contingent interest. If held to August 11, 2028 and any underlying finishes below its 65% trigger level, investors lose 1% of principal for each 1% decline of the worst performer and could lose their entire investment.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Contingent Interest Notes linked separately to the S&P 500 Index and the Russell 2000 Index, scheduled to mature on January 19, 2029.
Investors may receive semiannual contingent interest of at least 8.35% per annum in total if, on each review date, both indices close at or above 75% of their initial levels; if either index is below this barrier, no interest is paid for that period. At maturity, if either index finishes below its 75% trigger, repayment of principal is reduced one-for-one with the decline of the lesser-performing index, which can result in losing more than 25% or even all of the investment. The notes are unsecured, will not be listed on an exchange, have an estimated initial value of about $984.60 per $1,000 (and not less than $900 when finalized), and do not provide any equity upside or dividends.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped buffered equity notes linked to the lesser performer of the Russell 2000 Index and the S&P 500 Index, maturing on February 19, 2027. The notes provide 1.00x exposure to any positive return of the worse-performing index, up to a maximum return of at least 22.50%, so the maximum payment at maturity is at least $1,225 per $1,000 note.
Principal is protected only by a 10% downside buffer. If either index falls more than 10%, investors lose 1% of principal for each additional 1% decline in the lesser-performing index, with losses up to 90% of principal. The notes pay no interest, provide no dividends, and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
The minimum denomination is $1,000. The issuer indicates that if the notes priced on the reference date, the estimated value would be about $972.10 per $1,000 note and will not be less than $900, reflecting embedded costs, hedging, and dealer compensation, and secondary market liquidity may be limited.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped dual directional buffered return enhanced notes linked to the lesser performing of the Nasdaq‑100 Index and the Russell 2000 Index, maturing on July 21, 2027. The notes target 1.50 times any positive return of the weaker index, subject to a Maximum Upside Return of at least 29%.
If the weaker index is flat or down by up to the 10% buffer, investors receive a positive, uncapped return equal to the absolute move of that index, but gains are capped at 10% in declining scenarios. If either index falls by more than 10%, principal is reduced one‑for‑one beyond the buffer and investors can lose up to 90% of their investment. The notes pay no interest, provide no dividends, are unsecured and unsubordinated obligations of JPMorgan Financial, and are not listed, so liquidity may be limited. An illustrative estimated value is $972.10 per $1,000 note, with a minimum estimated value at issuance of $900.00 per $1,000 note.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Dual Directional Buffered Return Enhanced Notes linked to the lesser performer of the iShares MSCI EAFE ETF and the S&P 500 Index, maturing July 21, 2027.
The notes provide 1.50x leveraged upside on the lesser-performing underlying, subject to a Maximum Upside Return of at least 22.85%, and also offer a positive return for declines of up to the 10.00% buffer through an absolute-return feature. If either underlying falls by more than 10.00%, investors lose 1% of principal for each 1% drop beyond the buffer, for a potential loss of up to 90.00% of principal.
The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange, and are expected to have an initial estimated value below the $1,000 price, including an illustrative estimate of $986.40 per $1,000 principal amount and a minimum of $900.00 per $1,000 in the final terms.
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 target a Contingent Interest Rate of at least 16.00% per annum, paid monthly if Palantir’s share price on a Review Date is at or above an Interest Barrier set at 50.00% of the Initial Value.
If on certain Review Dates the share price is at or above the Initial Value, the notes are automatically called, returning the $1,000 principal per note plus the applicable interest and any unpaid prior contingent interest. If the notes are not called and the final share price is at or above the Trigger Value (also 50.00% of the Initial Value), investors receive principal back plus the final contingent interest and any unpaid prior interest. If the final share price is below the Trigger Value, repayment is reduced one-for-one with the stock’s decline, and investors can lose more than half or all of their principal. The notes are unsecured obligations, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., with an initial estimated value of approximately $957.40 per $1,000 note and no stock dividends or exchange listing.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped dual directional buffered equity notes linked to the worst performer of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, maturing on February 19, 2027. The notes target unleveraged exposure to index gains with a Maximum Upside Return of at least 18.50% and provide upside if the least performing index falls by up to the 15.00% buffer, effectively capping positive return from declines at 15.00%. If any index falls by more than 15.00%, investors lose 1% of principal for each 1% further drop in the least performing index, with losses up to 85.00% of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both entities, will not be listed on an exchange, and have an estimated value initially around $987.10 per $1,000 note, not less than $900.00.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Dual Directional Buffered Return Enhanced Notes linked to the lesser performing of the Nasdaq-100 Index® and the Russell 2000® Index, maturing on July 21, 2027. The notes provide 1.50x leveraged upside on positive index performance, capped at a Maximum Upside Return of at least 39.00%, and can also deliver a positive return if the lesser index falls by up to the 10.00% buffer, with that depreciation paid back as a gain up to a maximum of $1,100 per $1,000 note when the lesser index return is negative.
If either index declines by more than 10.00%, investors lose 1% of principal for each 1% drop beyond the buffer, for a potential loss of up to 90.00% of principal. The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Financial, and are not bank deposits or FDIC insured. They are sold in $1,000 minimum denominations, are not expected to be listed, and may have limited liquidity. If priced on the date shown, the estimated value would be approximately $986.90 per $1,000 note and will not be less than $900.00 per $1,000 note when finalized.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Digital Barrier Notes due February 6, 2031 linked to the least performing of the Dow Jones Industrial Average®, Russell 2000® Index and S&P 500® Index. The notes provide uncapped, unleveraged exposure to any gain in the worst-performing index at maturity, with a contingent digital return of at least 53.25% if all three indices finish at or above their initial levels.
A 75% barrier applies to each index: if any index finishes below this barrier, repayment is reduced one‑for‑one with the decline of the least performing index and investors can lose most or all principal. The notes pay no interest, provide no dividends, are unsecured obligations subject to the credit risk of both issuer and guarantor, and are expected to be sold in $1,000 denominations. The indicative estimated value is about $944.60 per $1,000, and will not be less than $900.00, 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 capped dual directional buffered return enhanced notes linked to the lesser performer of the S&P 500 Index and the iShares MSCI EAFE ETF, maturing July 21, 2027. The notes provide 1.50x leveraged upside on gains of the lesser-performing underlying, capped at a Maximum Upside Return of at least 17%, and a positive, unleveraged return when the lesser performer declines by up to the 10% Buffer Amount. If either underlying falls by more than 10%, principal is exposed to losses on a 1-for-1 basis beyond the buffer, up to a 90% loss. The minimum denomination is $1,000, they pay no interest or dividends, are unsecured and unsubordinated, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is approximately $972 per $1,000 note, and will not be less than $900 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured buffered digital notes linked to the worst performer of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, maturing on February 19, 2027.
The notes target a fixed contingent digital return of at least 7.20% if the least performing index is at or above its initial level, or down by no more than the 20.00% buffer at maturity. If any index falls by more than 20.00%, investors lose 1% of principal for each additional 1% decline in the least performing index, up to a maximum loss of 80% of principal.
The notes pay no interest, offer no dividends from the underlying indices, and have minimum denominations of $1,000. An indicative estimated value is about $987.60 per $1,000 note and will not be less than $900.00 when finalized. The notes are not bank deposits, are not FDIC insured, may have limited or no liquidity, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Auto Callable Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, maturing on January 20, 2033. The notes may be automatically called on January 20, 2027 if the Index is at or above 100% of its initial level, paying $1,000 plus a call premium of at least $185 per $1,000 note, with no further payments.
If not called, and the Index finishes above its initial level on the January 14, 2033 observation date, investors receive 2.00 times the Index gain in addition to principal. If the Final Value is at or above 70% of the Initial Value, principal is returned. If it falls below 70%, repayment is reduced one-for-one with the Index decline, and investors can lose most or all of their principal. The notes pay no interest, are issued in $1,000 minimum denominations, and are unsecured obligations exposed to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. A preliminary example estimates the note’s value at about $975.40 per $1,000, and the final estimated value will not be less than $900.00 per $1,000.
JPMorgan Chase Financial Company LLC is offering capped buffered equity notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 1.00x exposure to any Index gain at maturity, but the return is capped at a Maximum Return of at least 12.00%.
If the Index is flat or down by up to the 20.00% buffer, investors receive only their principal at maturity. If the Index falls by more than 20.00%, principal is reduced 1% for each additional 1% decline, up to a maximum loss of 80.00% (down to $200 per $1,000 note in extreme scenarios.
The notes pay no interest, do not pass through S&P 500® dividends, and will not be listed on any exchange, so liquidity depends on dealer bids. They are unsecured obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value is indicated at approximately $980 per $1,000 note today and will not be less than $950 when set, reflecting embedded fees, hedging costs and dealer compensation, and secondary prices are expected to be below the issue price.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering digital barrier notes linked to the lesser performing of the STOXX® Europe 600 Index and the Russell 2000® Index, maturing in January 2029. The notes target a fixed contingent digital return of at least 24.45% per $1,000 if, on the January 16, 2029 observation date, the final level of each index is at or above 65% of its initial level. If either index finishes below this 65% barrier, repayment at maturity is reduced one-for-one with the decline of the lesser performing index, and investors can lose more than 35% and up to all of their principal. The notes pay no interest, do not pass through dividends, are unsecured and unsubordinated, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If priced on the example date, the estimated value would be about $981.80 per $1,000, and at pricing it will not be less than $950.00.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Dual Directional Accelerated Barrier Notes linked to the lesser performer of the iShares Semiconductor ETF and the Nasdaq-100 Index, maturing in January 2029. The notes target at least 1.01x any positive return of the lesser-performing underlying and provide a positive, but capped, return on moderate declines, as long as the final value of each underlying stays at or above 70% of its initial value, the barrier amount.
If either underlying finishes below its barrier, repayment is reduced one-for-one with the lesser performer’s loss, and investors can lose more than 30% and up to all principal. The minimum denomination is $1,000, the notes pay no interest or dividends, and they are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor. Indicatively, if priced on the example date, the estimated value would be about $936.90 per $1,000, and at issuance it will not be less than $900.00 per $1,000.
JPMorgan Chase Financial Company LLC is offering unsecured Contingent Digital Buffered Notes linked to the Class C common stock of Dell Technologies Inc. The notes target a fixed return of at least 26.30% if, on the Valuation Date, Dell’s closing price is at or above the Stock Strike Price of $118.50, or down by up to 15.00% from that level. In those cases, investors receive up to $1,263.00 at maturity for each $1,000 note.
If Dell’s price is more than 15.00% below the Stock Strike Price at maturity, principal is exposed to losses on a leveraged basis: for every 1% beyond the 15% buffer, the repayment is reduced by 1.17647%, and investors can lose their entire investment. The notes pay no interest or dividends, have a minimum denomination of $10,000, and mature on January 26, 2027, with credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
An illustrative estimated value is $979.90 per $1,000 note, and the final estimated value, when set, will not be less than $960.00, reflecting embedded selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is offering Capped Buffered Return Enhanced Notes linked to an equally weighted basket of the EURO STOXX 50® Index, the S&P 500® Index and the iShares® China Large-Cap ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes target 1.50x any positive basket return at maturity, up to a maximum return of at least 12.50%, and provide a 15.00% downside buffer. If the basket falls more than 15% from its initial level, holders lose 1% of principal for each additional 1% decline, for a potential loss of up to 85.00% of principal at maturity.
The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of both the issuer and guarantor, and are expected to mature on May 20, 2027. The preliminary estimated value is approximately $979.40 per $1,000 note, and the final estimated value will not be less than $900.00 per $1,000 note.
JPMorgan Chase Financial Company LLC is offering auto-callable Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes give investors potential early redemption at a premium if, on any Review Date starting January 22, 2027, the Index closes at or above 85% of its initial level.
Call premiums start at at least 12% of the $1,000 principal on the first Review Date and increase stepwise up to at least 60% on the final Review Date in January 2031. If the notes are not called and the Index has fallen by more than 15% at maturity, investors lose 1% of principal for each 1% decline beyond that buffer, up to an 85% loss.
The notes pay no interest and provide no dividends from the Invesco QQQ Trust. The Index is reduced by a 6.0% per annum daily deduction and a notional financing cost on its QQQ exposure, can use leverage up to 500%, and may be partly uninvested, all of which can drag on performance and increase risk.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped bearish notes linked to the S&P 500 ae Index, maturing on February 1, 2028. These unsecured notes are designed for investors who expect the Index to decline and seek a positive return at maturity from any depreciation in the Index, with 100% downside participation up to a maximum additional payment of at least $200 per $1,000 note (a return of at least 20%).
If the Index is flat or higher on the observation date of January 27, 2028, investors receive only their $1,000 principal back, with no interest and no upside beyond par. The notes pay no coupons, do not provide dividends from Index constituents, and may be hard to sell, as they are not listed on any exchange and secondary prices are expected to be below the issue price.
The preliminary estimated value is about $960 per $1,000 note, and will not be less than $930 when finalized, reflecting selling commissions, a structuring fee of up to $1 and selling commissions of up to $15 per $1,000 note, and hedging costs. The notes are expected to be treated as contingent payment debt instruments for U.S. federal income tax purposes, requiring accrual of original issue discount, and are not bank deposits or FDIC insured.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked individually to the S&P 500, Russell 2000 and Dow Jones Industrial Average, maturing on July 20, 2027. The notes may pay a quarterly contingent coupon of at least 11.00% per annum (at least $27.50 per $1,000) only if, on every day in a quarter, each index stays at or above 70% of its initial level. If on any non-initial, non-final review date all three indices are at or above their initial levels, the notes are automatically called and pay back $1,000 per note plus any due contingent interest.
If the notes are not called and any index ever closes below 70% of its initial level during the life of the note and also finishes below its initial level at maturity, principal is reduced one-for-one with the decline of the worst-performing index, and investors can lose most or all of their money. A preliminary estimated value is about $977.30 per $1,000 note and will not be less than $900. The notes are unsecured, not FDIC insured, and subject to the credit risk of both the issuer and guarantor, with limited liquidity and potentially significant price declines in any secondary market.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 5-year Callable Range Accrual Notes linked to the 10-Year Constant Maturity Treasury Rate. The Notes pay quarterly interest at a variable rate based on a 7.00% per annum Interest Factor, but interest only accrues for days when the Reference Rate is less than or equal to a Reference Rate Barrier expected to be at least 4.675%. If the rate is above the barrier on a given day, no interest accrues for that day, and the effective interest for a period can be zero.
The Notes are issued at $1,000 per Note, with selling commissions up to $15 per $1,000 and an estimated value of approximately $966.40 per $1,000 if priced as of the example date, and not less than $940. JPMorgan Financial may call the Notes in whole on quarterly Redemption Dates starting January 14, 2027, returning principal plus accrued interest; otherwise, $1,000 per Note plus accrued interest is paid at maturity on or about January 14, 2031. The Notes are unsecured, not FDIC insured, involve significant interest rate, liquidity, valuation and tax risks, and will not be listed on any exchange.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing in January 2031. The notes can pay a monthly Contingent Interest Payment if, on each Interest Review Date, the Index closes at or above 75% of its Initial Value, and they are automatically called on annual Autocall Review Dates if the Index is at or above its Initial Value, returning principal plus the applicable interest for that period.
If the notes are not called and the Index finishes at or above 70% of its Initial Value at maturity, investors receive full principal back plus any final contingent interest; if it ends below 70%, principal is reduced one-for-one beyond a 30% buffer, with up to 70% loss of principal possible. The MerQube Index itself is highly engineered: it applies up to 500% leveraged exposure to the Invesco QQQ TrustSM, targets 35% implied volatility, and is reduced by a 6.0% per annum daily deduction and a separate notional financing cost, which together drag performance and can cause the Index to trail a similar, non-deducted index even when the underlying QQQ Fund performs well.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing auto callable contingent interest notes linked to the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index, maturing on July 14, 2027.
The notes may pay a monthly contingent coupon of at least 6.95% per annum (0.57917% per month) if on a Review Date each index is at or above 70% of its initial level; if any index is below this barrier, no interest is paid for that period. Starting April 9, 2026, the notes are automatically called if on certain Review Dates each index is at or above its initial level, returning $1,000 per note plus the applicable coupon.
If the notes are not called and on the final Review Date any index finishes below 70% of its initial level, repayment of principal is reduced one-for-one with the decline of the worst-performing index, and investors can lose more than 30% or even all of their principal. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, and may have limited or no secondary market liquidity. The estimated value is indicated as approximately $964.20 per $1,000 note, and at pricing will not be less than $900.00.
JPMorgan Chase Financial Company LLC is offering buffered digital notes linked to the lesser performance of the Russell 2000 Index and the S&P 500 Index, maturing on April 19, 2027 and fully guaranteed by JPMorgan Chase & Co. These notes target a fixed Contingent Digital Return of at least 8.95% if, at maturity, the lesser performing index is at or above its initial level, or down by no more than 15%.
If either index falls by more than 15%, repayment is reduced on a 1-for-1 basis beyond that buffer, so investors can lose up to 85% of principal. The notes pay no periodic interest, do not pass through dividends, and are unsecured obligations subject to the credit risk of both the issuer and guarantor. An illustrative estimated value is about $975.10 per $1,000 principal amount, and the final estimated value will not be less than $900.00 per $1,000. The notes will not be listed on an exchange, so liquidity will depend on dealer willingness to buy.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped buffered return enhanced notes linked to the iShares Bitcoin Trust ETF (IBIT), maturing on January 19, 2029. The notes provide 2.00x any positive Fund return, up to a maximum return of at least 91.50%, implying a maximum payment of at least $1,915 per $1,000 note. A 20.00% downside buffer protects principal against moderate declines, but if the ETF falls by more than 20%, investors lose 1% of principal for each additional 1% drop, up to an 80.00% loss.
The notes pay no interest, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on an exchange. The product embeds significant risks tied to bitcoin’s high volatility, potential liquidity issues in the notes, and complex U.S. tax treatment. The estimated value is indicated at about $950 per $1,000 note today and will not be less than $920 per $1,000 when terms are set.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked to the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index, maturing December 20, 2027. Investors may receive monthly contingent interest, expected to be at least 9.50% per annum, only if on a Review Date the closing level of each index is at or above 70% of its Initial Value, called the Interest Barrier.
The notes can be redeemed early at the issuer’s option on specified Interest Payment Dates starting April 20, 2026, returning principal plus any due contingent interest. If held to maturity and the Final Value of any index is below its 60% Trigger Value, repayment is reduced in line with the worst-performing index and investors can lose some or all principal.
The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., pay no fixed interest or dividends, and will not be listed on an exchange. The issuer estimates the value at pricing will be below the $1,000 issue price, illustrated at about $975.90 per $1,000 today and not less than $900.00, reflecting selling costs and hedging.
JPMorgan Chase Financial Company LLC is offering Callable Contingent Interest Notes due December 16, 2027, linked to the worst performer among the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index. The notes pay a monthly contingent interest only if each index is at or above 70% of its initial level on the relevant review date; otherwise no interest is paid.
The issuer can redeem the notes early on specified interest payment dates starting April 16, 2026, returning the $1,000 principal per note plus any due interest, which would end further payments. If held to maturity and no index finishes below 65% of its initial level, holders receive principal back (and any final interest). If any index ends below that 65% trigger, repayment is reduced 1% for each 1% decline in the worst index, potentially down to zero principal.
The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and carry credit risk, equity market risk, sector and small‑cap risk, liquidity risk and the risk that secondary market values and the estimated value (illustrated as approximately $959.40 per $1,000 if priced on the reference date) are below the issue price.
JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the worst performer of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index, maturing on December 16, 2027. The notes pay a contingent monthly coupon only when the closing level of each index on a review date is at or above 70% of its initial value, and they can be redeemed early at the issuer’s option starting April 16, 2026 on specified interest payment dates.
If the notes are not called and, on the final review date, the worst-performing index is at or above 65% of its initial value, investors receive full principal plus any final contingent interest. If the worst-performing index is below 65%, repayment is reduced one-for-one with the decline, potentially down to zero. The indicative contingent interest rate is at least 8.50% per annum, the notes are unsecured obligations guaranteed by JPMorgan Chase & Co., and the current estimated value is about $963.90 per $1,000, reflecting embedded costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Nasdaq-100 Technology Sector Index, the S&P 500 Index and the VanEck Gold Miners ETF, maturing December 21, 2027. The notes can pay monthly contingent interest if, on a review date, the closing value of each underlying is at or above a 70% barrier of its initial value; the indicative contingent interest rate is 13.80% per annum (1.15% per month), with the final rate at least that level.
The notes are automatically called, starting April 16, 2026, if on a review date (other than the first, second and final) each underlying closes at or above its initial value, in which case investors receive principal plus the applicable interest and no further payments. If the notes are not called and any underlying finishes below its 60% trigger level at maturity, repayment of principal is reduced one-for-one with the loss on the worst performer, up to a total loss. The preliminary estimated value is about $959.20 per $1,000 note and will not be less than $900.00, reflecting selling costs and internal funding and hedging assumptions, and the notes are unsecured obligations subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering $675,000 of auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 11.00% per annum, but only for Review Dates when the Index closes at or above 70.00% of the Initial Value, and interest may not be paid at all.
The notes may be automatically called starting April 6, 2026 if, on a Review Date (other than the first, second and final), the Index is at or above its Initial Value, in which case investors receive $1,000 per note plus the applicable interest and no further payments. If the notes are not called and, at maturity, the Index is below the 70.00% Trigger Value, repayment of principal is reduced 1% for every 1% Index decline and investors can lose all of their investment.
The Index uses leveraged, rules-based exposure to the Invesco QQQ Trust, with a 35% target volatility, a 6.0% per annum daily deduction and a daily notional financing cost, which together drag on performance. The estimated value of the notes at pricing was $932.30 per $1,000 note, below the $1,000 price to the public, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured structured notes linked to the J.P. Morgan Multi-Asset Index. The notes target investors seeking any index appreciation through maturity on February 3, 2028, with a minimum denomination of $1,000.
At maturity, investors receive full principal back plus an Additional Amount equal to $1,000 × Index Return × a participation rate of at least 206%, but never less than zero. The notes pay no periodic interest and provide no dividends.
The index uses a momentum-based allocation across equity, bond and commodity futures with a volatility threshold initially anchored at 4% and a 1.00% per annum daily deduction, which drags performance versus a similar portfolio without this fee. If priced today, the estimated value would be about $968.10 per $1,000 note and will not be less than $900.00 at pricing, reflecting selling commissions, hedging costs and issuer funding spreads. Key risks include issuer and guarantor credit risk, complex index rules, potential underperformance, illiquidity and tax treatment as contingent payment debt instruments.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index, with maturity in July 2027. The notes can pay monthly Contingent Interest Payments at a rate of at least 8.05% per annum (0.67083% per month) whenever the closing level of each index on a Review Date is at or above its Interest Barrier, set at 75.00% of its Initial Value.
The notes are automatically called, starting with the sixth Review Date (earliest July 13, 2026), if on any applicable Review Date the closing level of each index is at or above its Initial Value, in which case investors receive principal plus the applicable interest and no further payments. If the notes are not called and, on the final Review Date, the Least Performing Index is at or above its Trigger Value of 70.00% of its Initial Value, investors receive full principal back (plus any final interest if the Interest Barrier is also met).
If the Least Performing Index finishes below its Trigger Value, repayment of principal is reduced 1% for each 1% decline from its Initial Value, so investors can lose more than 30% and up to all of their principal. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value, if priced on the indicated date, would be about $961.90 per $1,000 note and will not be less than $900.00, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the least performing of the S&P 500, Russell 2000 and Dow Jones Industrial Average, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to July 20, 2027, with minimum denominations of $1,000, and can be automatically called as early as July 15, 2026 if each index is at or above its initial level on designated review dates.
The notes pay a quarterly contingent coupon at a rate of at least 9.00% per annum (at least 2.25% per quarter), but only if on every day in a quarter each index stays at or above 70% of its initial value. If a trigger event occurs (any index ever closes below 70% of its initial value) and the least performing index finishes below its initial level at maturity, investors lose principal in line with that index’s decline and could lose their entire investment. The estimated value is illustrated at about $963.40 per $1,000 note, and the notes are unsecured obligations subject to the credit risk of both the issuer and guarantor.
JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed to pay at maturity at least 1.91 times any positive index return, with no cap on upside.
If the index finish level is at or above 60% of the initial value, investors receive at least their $1,000 principal per note. If the final level falls below this barrier, repayment is reduced one-for-one with the index loss, so investors can lose more than 40% and up to all of their principal. The notes pay no interest, are unsecured obligations subject to the credit risk of both JPMorgan entities, will not be listed, and may have limited liquidity. The issuer estimates an initial value of approximately $942 per $1,000 note, and states it will not be less than $920. The notes are not bank deposits and are not FDIC insured.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the lesser performing of the Russell 2000 Index and the S&P 500 Index, maturing on January 19, 2027. The notes pay a quarterly contingent interest of at least 7.55% per annum (at least $18.875 per $1,000 per quarter) only if on a Review Date each index is at or above 60% of its Initial Value, the Interest Barrier.
The notes are auto callable: if on any non-final Review Date both indices close at or above their Initial Values, investors receive $1,000 plus that quarter’s interest and the notes terminate. At maturity, if not called, investors receive $1,000 plus the final interest if either (a) both final index levels are at or above their Initial Values or (b) neither index has ever closed below 60% of its Initial Value during the Monitoring Period.
If a Trigger Event occurs (either index ever closes below 60% of its Initial Value) and the lesser-performing index finishes below its Initial Value, principal is reduced one-for-one with that index’s decline, down to a total loss of principal. The indicative estimated value is about $985 per $1,000, reflecting selling commissions, hedging costs and issuer funding rates. The notes are unsecured, not FDIC-insured, pay no dividends and may be illiquid.
JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the least performing of the Nasdaq-100 Index, the SPDR S&P Regional Banking ETF and the VanEck Semiconductor ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon of at least $12.5833 per $1,000 (at least 15.10% per annum, paid monthly) for any review date on which each underlying stays at or above 70% of its initial value.
If the notes are not redeemed early and, on the final review date, any underlying closes below 60% of its initial value, repayment of principal is reduced one-for-one with the decline of the worst performer, and investors can lose more than 40% and up to all of their principal. JPMorgan may redeem the notes early on specified interest payment dates starting in July 2026, and the notes are unsecured obligations subject to the credit risk of both the issuer and guarantor. The preliminary estimated value is about $976 per $1,000 principal amount, and will not be less than $900 when finalized.
JPMorgan Chase Financial Company LLC is offering structured "Review Notes" linked to the lesser performance of the S&P 500® Equal Weight Index and the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about January 27, 2026 and mature on February 1, 2029, in minimum denominations of $1,000.
The notes may be automatically called if, on any Review Date (February 3, 2027, January 27, 2028 or January 29, 2029), the closing level of each index is at or above its Call Value. If called, investors receive $1,000 plus a Call Premium Amount of at least 9.50%, 19.00% or 28.50%, depending on the Review Date, and no further payments.
If not called, and the Final Value of each index is at least 70.00% of its Initial Value (the Barrier Amount), investors receive principal back at maturity. If the Final Value of either index is below its Barrier Amount, the maturity payment is reduced 1-for-1 with the return of the lesser performing index, leading to losses greater than 30.00% and up to total loss of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and have an estimated value of about $960 per $1,000 principal amount, not less than $940 when finalized, reflecting embedded fees and hedging costs.
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated structured notes fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the S&P 500® Index and are scheduled to mature on February 4, 2031.
At maturity, if each index finishes above its Initial Value, investors receive $1,000 plus at least 1.475× the gain of the least performing index. If any index is at or below its Initial Value but all stay at or above 80% of Initial Value, principal is returned. If any index closes below this 80% barrier, repayment is reduced one-for-one with the decline of the least performing index, resulting in losses greater than 20% and up to a total loss of principal.
The notes pay no interest or dividends, will not be listed on any exchange and may be difficult to sell. An example estimated value is $930 per $1,000 principal amount, and the final estimated value will not be less than $900, reflecting costs and hedging factors. All payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co.