Every 424B that Alerian MLP Index ETNs due January 28 2044 (AMJB) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow AMJB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AMJB filings page.
JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the common stock of The Boeing Company, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of at least 10.00% per annum (at least 2.50% per quarter) only if Boeing’s share price on each Review Date is at or above an Interest Barrier set at 65.00% of the Initial Value.
The notes are callable at the issuer’s option on any Interest Payment Date starting July 2, 2026, other than the first and final dates. If not called and Boeing’s final stock price is below the Trigger Value (also 65.00% of the Initial Value), investors’ principal repayment is reduced one-for-one with the stock’s decline, which can lead to losing more than 35% and up to all of the investment. The estimated value is indicated at approximately $970.00 per $1,000 note, and at pricing it will not be less than $950.00.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $250,000 of digital barrier notes linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, maturing on January 27, 2027.
Each $1,000 note pays a fixed 7.00% return at maturity (total $1,070) only if, on the January 22, 2027 observation date, the final level of each index is at least 60.00% of its initial value. If any index finishes below its 60.00% barrier, repayment is based on the least performing index return, so holders lose 1% of principal for every 1% decline in that index and can lose all principal.
The notes are unsecured, unsubordinated obligations, pay no periodic interest, and provide no dividends on index constituents. They are sold in $1,000 minimum denominations at $1,000 per note, with selling commissions of $7.25 per $1,000 and an estimated value of $983.70, and are not expected to be listed, creating liquidity and market value risks.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable dual directional buffered return enhanced notes linked to the lesser performing common stock of Amazon.com, Inc. and Broadcom Inc. The notes may be automatically called on December 29, 2026, paying back principal plus a call premium of at least $170 per $1,000 on January 4, 2027. If not called, at maturity on January 3, 2028 investors receive an uncapped leveraged upside of 2.25× the gain of the lesser performing stock when both finish above their initial values, or a dual-direction positive return based on the absolute move of the lesser performer when its decline is within the 30% buffer.
If either stock falls by more than the 30% buffer, principal is reduced 1% for each percentage point beyond the buffer, up to a maximum loss of 70%. The notes pay no interest and do not provide dividends or shareholder rights. The indicative estimated value is approximately $980 per $1,000 note and will not be less than $950, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the lesser performing of the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to January 5, 2027 and pay a Contingent Interest Payment on each Review Date only if both indices close at or above 60% of their Initial Values, with a Contingent Interest Rate that will be at least 7.35% per annum.
The notes are automatically called, returning $1,000 per note plus the applicable Contingent Interest Payment, if on any non‑final Review Date both indices are at or above their Initial Values. If not called, principal repayment at maturity depends on the lesser performing index. If a Trigger Event occurs (either index closes below 60% of its Initial Value during the Monitoring Period) and that index finishes below its Initial Value, investors lose 1% of principal for each 1% decline, potentially losing their entire investment.
The issuer indicates that, if priced on the date shown, the estimated value would be about $985.10 per $1,000 note and will not be less than $900.00 per $1,000 at pricing. The notes are unsecured, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., pay no dividends, are not listed on any exchange and may have limited or no secondary market liquidity.
JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the S&P 500® Index, maturing on January 14, 2030 and fully guaranteed by JPMorgan Chase & Co.
The notes pay a monthly Contingent Interest Payment only if, on each Review Date, the closing level of every index is at least 70% of its Initial Value. The illustrative Contingent Interest Rate is 7.60% per annum. The issuer may redeem the notes early, in whole, on certain Interest Payment Dates starting January 14, 2027, paying $1,000 per note plus any due contingent interest.
If the notes are not redeemed early, at maturity you receive $1,000 per note only if the Final Value of each index is at least 60% of its Initial Value; otherwise, repayment is reduced in line with the decline of the least performing index, and you could lose your entire principal. If priced today, the estimated value would be about $964.40 per $1,000 note and will not be less than $900.00 when set. The notes are unsecured, not bank deposits, not FDIC-insured, and involve significant market, credit, liquidity and tax risks.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured, unsubordinated callable contingent interest notes linked to the least performing of the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index, maturing in December 2027.
Investors receive a Contingent Interest Payment only for Review Dates when each index closes at or above 70% of its Initial Value; otherwise no interest is paid. If the notes are not redeemed early and any index finishes below its 70% Trigger Value at maturity, repayment of principal is reduced in line with the index loss and can fall to zero.
The issuer may redeem the notes early on specified Interest Payment Dates, starting April 2, 2026, returning principal plus any due contingent interest. The pricing example shows an estimated value of about $964.30 per $1,000 note, reflecting embedded selling costs, hedging costs and dealer profits. Key risks include loss of principal, no guaranteed interest, issuer and guarantor credit risk, sector and small-cap exposure, and limited liquidity.
JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on January 6, 2031 and are issued in minimum denominations of $1,000.
Investors may receive monthly contingent interest only when the closing level of each index on a review date is at least 70% of its initial value, with the contingent interest rate expected to be at least 9.55% per annum. The issuer may redeem the notes early, in whole, on specified interest payment dates beginning April 6, 2026, returning principal plus any due contingent interest.
If the notes are not redeemed and any index finishes below its trigger level of 70% at final valuation, repayment of principal is reduced in line with the decline of the worst-performing index, and investors could lose all of their principal. If priced on the indicated date, the estimated value would be about $966.20 per $1,000 note and will not be less than $900.00 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked individually to the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index, maturing July 9, 2027. Investors may receive monthly contingent interest only when the closing level of each index on a review date is at least 70.00% of its initial value; otherwise no interest is paid for that period. If any index finishes below its 65.00% trigger value at final valuation and the notes have not been redeemed early, principal is reduced 1% for each 1% decline of the least performing index, which can result in total loss of principal.
The issuer may redeem the notes early on specified interest payment dates starting July 9, 2026, paying principal plus any due contingent interest. A sample table illustrates that, at a hypothetical 9.00% per annum rate (0.75% per month), 18 interest payments would total $135 per $1,000 note. The preliminary estimated value is about $976.90 per $1,000, and the final estimated value will not be less than $900.00, reflecting embedded selling, structuring and hedging costs. The notes are unsecured, not FDIC insured, will not be listed, and carry market, index, liquidity, credit and tax risks.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked separately to the S&P 500 Equal Weight Index, the Nasdaq-100 Index and the EURO STOXX 50 Index, maturing on September 28, 2027.
The notes pay a quarterly contingent interest rate of at least 9.50% per annum (at least $23.75 per $1,000 note per quarter) only if on a Review Date each index closes at or above its Interest Barrier, set at 70% of its Strike Value
If the notes are not called and on the final Review Date any index closes below its Trigger Value of 65% of its Strike Value, repayment of principal is reduced in line with the Least Performing Index Return, and investors can lose more than 35% and up to all of their principal. The minimum denomination is $1,000, and the estimated value is currently about $986 per $1,000 note, and will not be less than $950 per $1,000 at pricing.
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 in December 2027.
The notes pay a monthly contingent coupon only when the closing level of each index on a review date is at least 70% of its initial value. The issuer may redeem the notes early on specified interest payment dates starting in April 2026, returning principal plus any due contingent interest.
If the notes are not redeemed and any index finishes below its 70% trigger level at maturity, repayment of principal is reduced in line with the decline of the worst-performing index, up to a total loss. A hypothetical minimum contingent interest rate of 10.80% per annum is illustrated, and the preliminary estimated value is about $978.20 per $1,000 note, reflecting selling costs and hedging.
JPMorgan Chase Financial Company LLC is offering auto-callable review notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on January 3, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are issued in $1,000 minimum denominations and may be automatically called as early as December 29, 2026 if, on a Review Date, the Index closes at or above 95% of its Initial Value.
Upon an automatic call, investors receive $1,000 plus a Call Premium Amount that starts at a minimum of 19.25% of principal on the first Review Date and increases up to at least 96.25% on the final Review Date. If the notes are not called and the Final Index Value is at or above the Barrier Amount of 70% of the Initial Value, investors receive principal back at maturity. If the Final Value is below the Barrier Amount, repayment is reduced one-for-one with the Index Return, and investors can lose more than 30% and up to all of their principal.
The Index embeds a 6.0% per annum daily deduction, which creates a persistent drag on performance versus an identical index without this charge and can cause declines even when the underlying futures strategy is flat or modestly positive. The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The estimated value is indicated at approximately $900 per $1,000 note if priced today and will not be less than $880 per $1,000 note when finalized, reflecting structuring, hedging costs and selling commissions.
JPMorgan Chase Financial Company LLC is offering $820,000 of Uncapped Digital Barrier Notes linked to the least performing of the S&P 500, Russell 2000 and Dow Jones Industrial Average, maturing December 22, 2028. The notes pay no interest or dividends and are unsecured obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co.
At maturity, if every index finishes at or above 70% of its initial level, investors receive their principal plus the greater of a 21.10% fixed return or the actual percentage gain of the worst index. If any index closes below 70% of its initial level, repayment is reduced one-for-one with the loss in the worst index and investors can lose most or all of their principal.
The notes are sold in $1,000 denominations at $1,000 per note, while the issuer’s estimated value is $974.50 per $1,000. The notes will not be listed on any exchange, and secondary market prices are expected to be below the original issue price.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the worst performer of the Russell 2000, S&P 500 and EURO STOXX 50 Indexes, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to December 27, 2030, with minimum denominations of $1,000 and potential quarterly contingent interest at a rate of at least 6.25% per year, paid only when each index stays at or above 50% of its initial level.
The notes can be automatically called as early as December 23, 2026 if each index is at or above its initial level on a review date, returning principal plus the applicable interest payment but ending future payments. If the notes are not called and the worst index finishes below its 50% trigger level at maturity, investors lose 1% of principal for each 1% decline in that index and could lose their entire investment. An indicative estimated value is $957.60 per $1,000 note, and the product carries significant credit, market, liquidity and tax risks.
JPMorgan Chase Financial Company LLC plans to issue auto callable contingent interest notes linked to the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, guaranteed by JPMorgan Chase & Co. The notes pay a quarterly Contingent Interest Payment only if the closing level of each index on a Review Date is at least 60% of its Initial Value, and they may be automatically called starting on June 23, 2026 if each index is at or above its Initial Value.
If held to maturity and not called, investors receive their principal back plus the final contingent coupon only if the least performing index finishes at or above its Trigger Value, set equal to 60% of its Initial Value. Otherwise, repayment is reduced 1% for every 1% decline in the least performing index, and investors can lose all of their principal. The example table shows that with a hypothetical 6.75% per annum contingent rate, total coupon income could reach up to $202.50 per $1,000 note if all 12 interest conditions are met.
The notes price at $1,000 per note; if they priced on the described date, the estimated value would be about $961.20 per $1,000, and will not be less than $930.00, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes are unsecured obligations, not bank deposits, will not be listed on an exchange, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., as well as complex tax and withholding rules, particularly for non-U.S. holders.
JPMorgan Chase & Co. is offering $10,000,000 of callable fixed rate notes due December 23, 2055. The notes pay interest annually at a fixed rate of 5.80% per annum, calculated on a 30/360 day count basis, with payments each December 23 starting in 2026. At maturity, holders receive the principal plus any accrued and unpaid interest if the notes have not been redeemed earlier.
The notes are callable at the issuer’s option, in whole but not in part, on June 23 and December 23 of each year from December 23, 2027 through June 23, 2055 at par plus accrued interest. The price to the public is $1,000 per note, with total offering proceeds of $10,000,000, selling commissions of $55,250 and net proceeds to JPMorgan Chase & Co. of $9,944,750. The notes are unsecured obligations, are not bank deposits and are not insured by the FDIC. In a resolution of JPMorgan Chase & Co. under U.S. resolution regimes, holders rank as unsecured creditors and may not recover all principal and interest.
JPMorgan Chase & Co. is offering $2,000,000 of callable fixed rate notes due December 23, 2030. The notes pay fixed interest at 4.35% per annum, with interest payable in arrears on December 23 of each year, beginning December 23, 2026, using a 30/360 day count convention.
The notes are issued in $1,000 denominations at a price to the public of $1,000 per note, with selling commissions of $2.25 per $1,000 and proceeds to the issuer of $1,995,500. JPMorgan may redeem the notes in whole, but not in part, at par plus accrued interest on June 23 and December 23 of each year from December 23, 2027 through June 23, 2030.
The notes are unsecured obligations of JPMorgan Chase & Co. and are not bank deposits or FDIC insured. Under the company’s preferred “single point of entry” resolution strategy and potential FDIC Title II actions, holders of the notes could face losses in a JPMorgan Chase & Co. resolution, with recovery depending on residual value after higher priority claims.
JPMorgan Chase & Co. is offering $1,000,000 principal amount of callable zero coupon notes due December 23, 2045. Each $1,000 principal amount note is issued at $306.557, pays no periodic interest and is designed to accrete at a 6.00% annual yield, compounded semiannually, so that 100% of principal is paid at maturity if the note has not been called.
Beginning December 23, 2027 and on June 23 and December 23 of each year through June 23, 2045, the issuer may redeem all notes at the applicable accreted principal amount shown in the accretion schedule. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits or FDIC insured, and in a resolution or bankruptcy scenario losses would be borne after priority and secured creditors. The notes are issued with original issue discount for U.S. federal tax purposes.
JPMorgan Chase & Co. is offering $2,000,000 of callable fixed rate notes due June 23, 2034. The notes pay interest at a fixed rate of 4.55% per annum, calculated on a 30/360 day count basis, with interest paid annually on December 23 from 2026 through 2033 and on the maturity date.
JPMorgan may redeem the notes early, in whole but not in part, on the 23rd day of March, June, September and December of each year from December 23, 2027 through March 23, 2034 at par plus accrued interest. At maturity, if not previously redeemed, investors receive their principal plus any accrued and unpaid interest.
The public offering price is $1,000 per note, with selling commissions of $16.825 per $1,000, resulting in total proceeds to the issuer of $1,966,000. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not insured by the FDIC or any other governmental agency.
JPMorgan Chase Financial Company LLC is issuing $748,000 of Uncapped Dual Directional Buffered Return Enhanced Notes linked to the lesser performing of the Dow Jones Industrial Average® and the Nasdaq-100 Index®, maturing on December 22, 2028 and fully guaranteed by JPMorgan Chase & Co.
The notes provide 1.335x leveraged upside if both indices finish above their initial levels. If the lesser performing index is flat or down by up to 15%, investors receive a positive return equal to the absolute decline, up to a 15% gain, capping the payment at $1,150 per $1,000 note in negative-return scenarios. If either index falls by more than 15%, principal is reduced 1% for each additional 1% decline, with up to 85% of principal at risk.
The notes pay no interest, do not provide dividends on index constituents, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to the public is $1,000 per note, including $3 in selling commissions, while the estimated value is $988.10 per $1,000, and the notes are not expected to be listed, limiting liquidity.
JPMorgan Chase Financial Company LLC is offering $685,000 of Uncapped Buffered Return Enhanced Notes linked to the lesser performance of the Russell 2000 Index and the S&P 500 Index, maturing June 24, 2027, and fully guaranteed by JPMorgan Chase & Co.
The notes provide 1.04x participation in any gain of the weaker index at maturity, with a 20% downside buffer. If either index falls more than 20%, investors lose 1% of principal for each 1% drop beyond that level, up to an 80% loss. The notes pay no interest, do not provide dividends from the underlying stocks, and are unsecured obligations exposed to the credit risk of both JPMorgan entities.
The price to the public is $1,000 per note, including $3 in selling commissions, for issuer proceeds of $682,945. The estimated value at pricing was $992.40 per $1,000 note, reflecting issuance, structuring, and hedging costs that may also weigh on secondary market prices.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Salesforce, Inc. (CRM), maturing on December 28, 2027. These unsecured notes target quarterly contingent interest of at least 10.50% per annum (at least $26.25 per $1,000 per quarter) if on a Review Date the Salesforce share price is at or above the Interest Barrier of 65% of the Strike Value, or $172.0095.
The notes may be automatically called on Review Dates from June 22, 2026 onward if the share price is at or above the Strike Value of $264.63, returning $1,000 per note plus due and unpaid contingent interest. If not called, and the final share price is at or above the Trigger Value (also 65% of the Strike Value), investors receive $1,000 plus contingent interest. If the final price is below the Trigger Value, repayment is reduced one-for-one with the stock loss, and investors can lose more than 35% and up to all principal.
The notes do not pay fixed interest, do not provide any Salesforce dividends or voting rights, are not listed on an exchange and carry credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is about $960 per $1,000 note and will not be less than $940, reflecting selling commissions, a structuring fee and hedging costs. U.S. tax treatment is expected to follow a prepaid forward with contingent coupons, and non-U.S. holders may face 30% withholding on contingent interest.
JPMorgan Chase & Co. is offering $10,000,000 of Callable Fixed Rate Notes due December 22, 2045. The notes pay fixed interest at 5.60% per annum, with interest paid in arrears on December 23 of each year, starting December 23, 2026, and on the maturity date.
The issuer may redeem the notes early, in whole but not in part, on June 23 and December 23 of each year from December 23, 2027 through June 23, 2045 at par plus accrued interest. At a $1,000 price to the public per note, underwriting fees are $10 per note, so JPMorgan expects net proceeds of $9,900,000.
The notes are unsecured obligations of JPMorgan Chase & Co. and are not bank deposits or FDIC insured. In a resolution of the holding company, losses would be borne first by equity holders and then by unsecured creditors, including holders of these notes, and claims of subsidiary creditors would rank ahead of these notes.
JPMorgan Chase & Co. is offering $5,040,000 of callable fixed rate notes due December 23, 2032. The notes pay fixed interest at 4.50% per annum, with interest paid annually in arrears on December 23 of each year, starting December 23, 2026, based on a 30/360 day count convention.
Beginning December 23, 2027, and on June 23 and December 23 each year through June 23, 2032, JPMorgan may redeem the notes in whole at par plus accrued interest. At maturity, if not called, investors receive the principal plus any accrued and unpaid interest.
The price to the public is $1,000 per note, with underwriting fees and commissions of $7.790 per $1,000, resulting in approximately $5,000,740 in proceeds to the issuer. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits or FDIC insured, and in a resolution scenario, noteholders rank behind creditors of JPMorgan’s subsidiaries and priority and secured creditors.
JPMorgan Chase Financial Company LLC is issuing $887,000 of structured notes that pay based on the lesser performance of the Dow Jones Industrial Average® and the Russell 2000® Index, maturing on June 24, 2027. Each $1,000 note offers 1.25x upside on any positive move in the weaker index, capped at a Maximum Upside Return of 23.55%, and a dual-direction feature that can pay up to 15.00% if the weaker index is down by up to 15%.
Below this 15.00% buffer, investors lose 1% of principal for each 1% further decline in the lesser performing index, with up to an 85.00% loss of principal. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Financial fully and unconditionally guaranteed by JPMorgan Chase & Co., and are subject to both entities’ credit risk. The notes will not be listed, and secondary market prices are expected to be below the $1,000 issue price, even though the estimated value at pricing was $989.80 per note.
JPMorgan Chase & Co. is issuing $3,000,000 of Callable Step-Up Fixed Rate Notes due December 23, 2031. The notes pay annual interest in arrears, starting December 23, 2026, with step-up rates of 4.20% per annum from December 23, 2025 to December 23, 2028, 4.30% to December 23, 2030 and 4.40% to December 23, 2031, based on a 30/360 day-count.
The issuer may redeem the notes in whole, but not in part, on June 23 and December 23 of each year from December 23, 2027 through June 23, 2031 at par plus accrued interest. The price to the public is $1,000 per note, with total selling commissions of $34,000 and proceeds to the issuer of $2,966,000. The notes are unsecured obligations of JPMorgan Chase & Co. and could be subject to loss in a resolution scenario where external debt absorbs losses ahead of operating subsidiaries.
JPMorgan Chase & Co. is offering $2,270,000 of callable fixed rate notes due December 23, 2033. The notes pay fixed interest at 4.65% per annum, with interest paid in arrears each year on December 23, beginning in 2026, based on a 30/360 day count convention.
Starting December 23, 2027, and on the 23rd of March, June, September and December through September 23, 2033, the issuer may redeem all of the notes at par plus accrued interest. The price to the public is $1,000 per note, with total selling commissions and fees of $17,655 and proceeds to the issuer of $2,252,345.
The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits and are not insured by the FDIC or any government agency. In a resolution of the holding company, claims on the notes would be structurally subordinated to creditors of its subsidiaries and to priority and secured claims, which could limit recoveries for noteholders.
JPMorgan Chase Financial Company LLC is offering 1,506,100 units of Autocallable Leveraged Index Return Notes linked to Broadcom Inc. common stock, each with a $10 principal amount, for a total public offering price of $15,061,000. The notes have a term of about two years and may be automatically called after roughly one year at $12.59 per unit if Broadcom’s stock is at or above the $340.36 starting value on the call observation date.
If not called, investors get 150% of any stock price gain at maturity. If the ending stock price is below the starting value but at or above the $221.23 threshold (65% of the starting value), investors receive a positive return equal to the absolute value of the stock’s percentage decline. If the stock closes below the threshold, investors are exposed 1‑for‑1 to losses and can lose their entire principal. The notes pay no interest or dividends, have limited secondary market liquidity, and all payments depend on the credit of JPMorgan Chase Financial Company LLC and its guarantor, JPMorgan Chase & Co. The estimated value was $9.678 per unit, less than the $10 public offering price.
JPMorgan Chase Financial Company LLC is offering $2,500,000 of auto callable dual directional buffered return enhanced notes linked to the common stock of Oracle Corporation. The notes have $1,000 denominations, an upside leverage factor of 1.50 and a 30.00% contingent buffer against declines in Oracle’s share price.
If Oracle’s closing price on the January 4, 2027 review date is at or above the stock strike price of $191.97, the notes are automatically called and pay $1,000 plus at least a 30.20% call premium per note on January 7, 2027. If not called, the notes mature on December 23, 2027 and can pay leveraged upside on gains or a positive return up to 30.00% even if Oracle’s stock is down within the buffer range.
If Oracle’s final price is more than 30.00% below the strike, investors lose 1% of principal for each 1% further decline and can lose all principal. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Financial guaranteed by JPMorgan Chase & Co., and had an estimated value of $956.70 per $1,000 at pricing, below the $1,000 price to the public.
JPMorgan Chase & Co. is offering $2,500,000 of callable step-up fixed rate notes due December 23, 2053. The notes pay fixed annual interest in arrears on December 23 of each year, starting December 23, 2026, with rates of 5.50% per annum from December 23, 2025 to December 23, 2045, 5.75% per annum to December 23, 2049, and 6.00% per annum to December 23, 2053.
JPMorgan may redeem the notes in whole, but not in part, on June 23 and December 23 of each year from June 23, 2030 through June 23, 2053 at par plus accrued interest. The price to the public is $1,000 per note, with selling commissions of $20.60 per $1,000 and net proceeds to the issuer of $2,448,500.
The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits and are not insured by the FDIC or any government agency. In a resolution of JPMorgan under U.S. bankruptcy or Title II proceedings, holders of the notes rank behind creditors of its subsidiaries and may recover only after priority and secured claims are fully repaid.
JPMorgan Chase & Co. is offering $3,600,000 of callable fixed rate notes due December 22, 2045. The notes pay fixed interest at 5.70% per annum, with interest paid annually in arrears on December 23 from 2026 through 2044 and on the maturity date, using a 30/360 day count convention.
The notes are callable at JPMorgan’s option at par plus accrued interest on June 23 and December 23 of each year from December 23, 2027 to June 23, 2045, in whole but not in part. The public offering price is $1,000 per note, with selling commissions of $4.992 per $1,000 and estimated total proceeds to the issuer of $3,582,000. The notes are unsecured obligations, not bank deposits, not FDIC insured, and in a resolution scenario losses could be imposed on noteholders after equity and ahead of subsidiary creditors.
JPMorgan Chase & Co. is offering $19,400,000 of callable fixed rate notes due December 21, 2035. The notes pay fixed interest at 5.00% per annum, with interest paid annually on December 23, beginning in 2026 and continuing to the maturity date if the notes are not called.
Starting December 23, 2027 and on each June 23 and December 23 through June 23, 2035, JPMorgan may redeem the notes in whole at par plus accrued interest. At maturity, if not previously redeemed, investors receive their principal plus any accrued and unpaid interest.
The notes are unsecured obligations of JPMorgan Chase & Co. and are structurally subordinated to creditors of its subsidiaries and to priority and secured creditors. In a resolution under U.S. bankruptcy or Title II of the Dodd-Frank Act, holders could incur losses and may recover less than the full principal and interest. The price to the public is $1,000 per note, with total proceeds to the issuer of $19,219,000 after $180,845 of fees and commissions.
JPMorgan Chase Financial Company LLC is offering $177,000 of unsecured structured notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called as early as December 24, 2026 if the Index closes at or above the Call Value, paying $1,000 plus a fixed call premium per note.
The notes pay no interest or dividends and expose investors to up to 70% loss of principal at maturity, with only a 30% downside buffer. Index performance is reduced by a 6.0% per annum daily deduction and a notional financing cost, which drag on returns versus the QQQ Fund itself. The price to public is $1,000 per note, including $5 in selling commissions, while the estimated value is $938.20, highlighting embedded costs and risks alongside the complex, leveraged index strategy.
JPMorgan Chase Financial Company LLC is offering $91,000 of auto callable contingent interest notes linked to the MerQube US Gold Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment only for Review Dates when the Index closes at or above 60% of its Initial Value, with a Contingent Interest Rate of 13.50% per annum (3.375% per quarter). The notes may be automatically called, starting June 22, 2026, if on any Review Date other than the first and final the Index closes at or above its Initial Value, returning $1,000 per note plus the applicable contingent interest.
If the notes are not called and, on the final Review Date, the Index is below the 60% Trigger Value, investors receive $1,000 plus $1,000 times the Index return, which can result in losing a significant portion or all principal. The MerQube US Gold Vol Advantage Index uses leveraged exposure (up to 500%) to gold futures, applies a 6.0% per annum daily deduction and targets 35% implied volatility, all of which can drag performance. The notes are unsecured, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and secondary market prices and the $938.70 estimated value per $1,000 note may be below the $1,000 issue price.
JPMorgan Chase Financial Company LLC is offering $2,661,000 of unsecured review notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called as early as December 22, 2026 if the Index closes at or above 90% of its initial level, paying back $1,000 plus a call premium that starts at 18% of principal and rises to 54% by the final review date.
If the notes are not called and the Index finishes on the final review date at or above the 80% barrier, investors receive principal back; if it finishes below the barrier, repayment is reduced one-for-one with the Index decline and investors can lose their entire investment. The Index includes a 6.0% per annum daily deduction, which drags on performance, and the notes pay no interest or dividends. The price to public is $1,000 per note, with an estimated value of $911.40 at pricing.
JPMorgan Chase Financial Company LLC is offering unsecured, autocallable structured notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and can be automatically called as early as January 2027 if the Index closes at or above 90% of its initial level, paying back $1,000 plus a call premium starting at at least 17.65% of principal and rising to at least 52.95% on the final Review Date.
If the notes are not called and the Index on the final Review Date is at or above 75% of its initial level, investors receive only their principal back; if it is below 75%, repayment is reduced one-for-one with the Index decline, potentially down to zero. The Index embeds a 6.0% per annum daily deduction, which drags performance and can cause declines even when the underlying futures strategy is flat or modestly positive. The estimated value is indicated at about $923 per $1,000 note if priced today and will not be less than $900 at pricing, reflecting selling costs and hedging. Investors forgo interest and dividends, face credit risk of both the issuer and guarantor, limited liquidity, complex tax treatment and significant exposure to leveraged volatility-managed E-mini S&P 500 futures via the Index.
JPMorgan Chase & Co. is offering $2,000,000 of callable fixed rate notes due December 23, 2032. The notes pay interest at 4.60% per annum, calculated on a 30/360 day count basis, with interest paid annually in arrears on December 23 of each year, beginning December 23, 2026, until maturity or earlier redemption. At maturity, investors receive the principal amount plus any accrued and unpaid interest, if the notes have not been called.
The issuer may redeem the notes in whole, but not in part, on June 23 and December 23 of each year from December 23, 2027 through June 23, 2032 at par plus accrued interest. The price to the public is $1,000 per note, with $4 in selling commissions per $1,000 and $1,992,000 in proceeds to the issuer. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, are not insured by the FDIC or any government agency, and are structurally junior to creditors of the issuer’s subsidiaries under its stated resolution strategies, meaning noteholders could face losses in a resolution scenario. Tax counsel expects the notes to be treated as fixed-rate debt instruments for U.S. federal income tax purposes.
JPMorgan Chase & Co. is offering $2,201,000 of callable fixed-to-floating rate notes due December 22, 2045. Investors receive 11.25% per annum during the initial interest periods through December 23, 2027, then a floating rate equal to 7.00% minus the Benchmark Rate, multiplied by 1.25, with a minimum interest rate of 0.00% per annum.
The notes are callable at par plus accrued interest on the 23rd of March, June, September and December from December 23, 2027 to September 23, 2045. The price to the public is $1,000 per note, with $50 in fees and commissions, providing JPMorgan Chase & Co. with $2,090,950 in proceeds. Interest after year three is tied to Compounded SOFR or a Benchmark Replacement, and the issuer highlights significant interest rate, liquidity, benchmark transition and tax risks.
JPMorgan Chase Financial Company LLC is offering $506,000 of Uncapped Dual Directional Accelerated Barrier Notes, fully guaranteed by JPMorgan Chase & Co., linked to the Nasdaq-100 Technology Sector, S&P 500 and Russell 2000 indices and maturing on December 24, 2030.
The notes are issued in $1,000 denominations and pay no interest or dividends. At maturity, if all three indices are above their initial levels, investors receive 1.62 times the gain of the worst-performing index. If any index is at or below its initial level but all remain at or above 70% of their initial values, investors get a positive, uncapped return equal to the absolute decline of the worst performer, up to 30%.
If any index finishes below 70% of its initial level, principal is exposed one-for-one to the loss of the worst-performing index and all principal can be lost. The price to public is $1,000 per note, including fees and hedging costs, while the estimated value is $975, and the notes are unsecured, unlisted obligations subject to JPMorgan credit and liquidity risks.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Auto-Callable Dual Directional Trigger PLUS linked to the iShares Bitcoin Trust ETF (IBIT), maturing on January 4, 2028. Each note has a stated principal amount and issue price of $1,000 and pays no interest.
If on the January 7, 2027 redemption observation date the ETF closing price is at or above the initial share price, the notes are automatically redeemed for at least $1,272 per note (at least 127.20% of principal). If not redeemed and the final ETF price is above the initial price, maturity pays $1,000 plus a leveraged upside return with a 150% leverage factor. If the ETF has fallen by no more than 25%, investors receive $1,000 plus an absolute positive return equal to the percentage decline, capped at a 25% gain.
If the final ETF price is below 75% of the initial price, repayment equals $1,000 times the share performance factor, leading to losses greater than 25% and potentially a full loss of principal. The notes are unsecured, unsubordinated obligations, are not listed on any exchange and involve significant risks tied to the high volatility and evolving regulation of bitcoin. The estimated value is indicated at approximately $947.70 per $1,000 note, and will not be less than $920.00 on the pricing date.
JPMorgan Chase Financial Company LLC is offering $1,980,000 of Review Notes linked to the lesser performing of the S&P 500® Equal Weight Index and the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may be automatically called as early as December 28, 2026 if the closing level of each index is at or above its Call Value, paying back $1,000 per note plus a Call Premium Amount of 9.50%, 19.00% or 28.50% depending on the Review Date. If not called and on the final Review Date each index is at or above 70% of its Initial Value, investors receive only their principal back.
If the notes are not automatically called and either index finishes below its 70% Barrier Amount, the maturity payment is $1,000 plus $1,000 times the Lesser Performing Index Return, so losses will exceed 30% of principal and can reach 100%. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and the estimated value at pricing was $956.90 per $1,000 note, below the $1,000 price to public.
JPMorgan Chase Financial Company LLC is offering unsecured return notes linked to an unequally weighted basket of the S&P 500® Futures Excess Return Index, the STOXX® Europe 600 Index and the MSCI Emerging Markets Index, maturing on January 28, 2031. The basket is reset at maturity so that the best-performing index gets at least 97% weighting, the second-best at most 3%, and the worst receives 0%. At maturity, investors receive $1,000 × (1 + Basket Return) per note; if the basket has fallen, they lose principal in full proportion to the decline, with the possibility of a total loss.
The notes pay no interest and do not pass through any dividends from the underlying indices. They are issued in $1,000 minimum denominations, are guaranteed by JPMorgan Chase & Co., and are not bank deposits or FDIC insured. The estimated value, if priced today, is about $977.40 per $1,000 note, and will not be less than $940.00 when finalized, reflecting embedded costs and dealer compensation. Key risks highlighted include issuer and guarantor credit risk, correlation among indices, futures-market and emerging-markets risks, liquidity limits, potential early acceleration for change-in-law events, and secondary market prices likely below the original issue price.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering buffered digital notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, maturing on February 4, 2027.
The notes target a fixed contingent digital return of at least 8.45% at maturity per $1,000 note if each index is at or above its initial level, or down by no more than 20%. If any index falls by more than 20%, repayment of principal is reduced 1% for each additional 1% decline in the least performing index, up to a maximum loss of 80% of principal.
The notes are unsecured, unsubordinated obligations with minimum denominations of $1,000, pay no interest, and provide no dividends or index constituent rights. They are not exchange-listed, and secondary market prices are expected to be below the $1,000 issue price. An illustrative estimated value is approximately $989.10 per $1,000 note and will not be less than $900.00 at pricing.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Dual Directional Accelerated Barrier Notes linked to the Nasdaq-100 Futures Excess Return Index, maturing on December 29, 2031. The notes target at least 1.80x any positive Index performance at maturity.
If the Index is flat or down but not below 75.00% of the Strike Value, investors receive a positive, uncapped return equal to the Index’s percentage move in absolute value, up to a 25.00% gain (maximum $1,250 per $1,000 note when the Index return is negative. If the Index closes below the 75.00% barrier on the observation date, repayment is fully exposed to losses and investors can lose all principal.
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 any exchange. The issuer estimates the value at approximately $940 per $1,000 note if priced today, with a minimum estimated value of $920 per $1,000 note when terms are set.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured Buffered Digital Notes linked to the worst performer among NVIDIA, Alphabet Class C and Amazon common stock, maturing on January 5, 2027. The notes target a fixed return of at least 19.75% at maturity if each stock’s final price is at or above its initial level, or down by no more than the 20.00% buffer. In that case, investors receive about $1,197.50 per $1,000 note using the illustrative 19.75% digital return.
If any reference stock falls more than 20.00% from its initial value, repayment is reduced one-for-one beyond the buffer, with losses up to 80.00% of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on an exchange. The estimated value, if priced today, would be about $978.40 per $1,000 note, and at pricing will not be less than $900.00, reflecting selling costs and hedging expenses.
JPMorgan Chase Financial Company LLC is offering Dual Directional Buffered Participation Securities linked to the Nasdaq-100 Index®, fully and unconditionally guaranteed by JPMorgan Chase & Co. These principal-at-risk structured notes pay no interest and are scheduled to mature on April 5, 2027.
At maturity, holders receive $1,000 plus 100% of any positive index performance, subject to a maximum payment of at least $1,122.50 (at least 112.25% of principal) per security. If the index is flat or down by up to the 10.00% buffer, investors earn an “absolute return,” gaining 1% for each 1% decline, up to a positive 10.00% total return.
If the index falls by more than 10.00%, the notes lose value on a 1-for-1 basis beyond the buffer, with a minimum payment at maturity of $100.00 per $1,000 security, so investors may lose up to 90.00% of principal. The preliminary supplement indicates an estimated value of approximately $969.60 per $1,000 security if priced today, and not less than $940.00 on the pricing date, reflecting selling commissions, structuring fees and hedging costs.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped buffered equity notes linked to the Class A common stock of Comcast Corporation, maturing in February 2027. The notes let holders participate one‑for‑one in stock gains up to a maximum return of at least 20.85%, while providing a 20% downside buffer.
If Comcast’s share price on the final observation date is at or above its initial level, investors receive their principal plus the stock return, capped at a payment of at least $1,208.50 per $1,000 note. If the stock is down by 20% or less, principal is repaid. Below that level, losses increase proportionally and up to 80% of principal can be lost at maturity. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan’s and its guarantor’s credit risk, and are expected to price in January 2026. An indicative estimated value is about $965.50 per $1,000 note, and will not be less than $930.00 when finalized.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes due July 1, 2027 linked individually to the Dow Jones Industrial Average, the Nasdaq-100 Technology Sector Index and the Russell 2000 Index. The notes can pay a contingent coupon of at least 10.50% per annum, credited monthly, but only on review dates when each index closes at or above 70% of its initial level.
Starting March 26, 2026, the notes are automatically called if on a review date each index is at or above its initial level, returning principal plus the applicable coupon, with no further payments. If the notes are not called and any index finishes below 70% of its initial level at maturity, investors lose principal in line with the decline of the worst-performing index and could lose the entire amount invested. The notes pay no fixed interest or dividends, are unsecured obligations of the issuer, are not FDIC insured and are not expected to be listed on an exchange, so liquidity will depend on dealer trading.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked to the worst performer of three State Street SPDR ETFs: Homebuilders (XHB), Consumer Discretionary (XLY) and Regional Banking (KRE). The notes target a contingent interest rate of at least 11.15% per year, paid quarterly, but interest is only paid for periods in which each ETF stays at or above 70% of its initial value, and missed coupons can be paid later if the condition is later met.
The notes can be called early at the issuer’s option on quarterly interest dates starting June 26, 2026. At maturity in December 2028, if none of the ETFs has fallen below 60% of its initial value, investors receive full principal plus any due contingent interest. If any ETF ends below that 60% trigger, repayment is reduced one-for-one with the loss of the worst-performing ETF, and investors can lose most or all of their principal. The preliminary estimated value is about $960 per $1,000 note, and at issuance it will not be less than $940, reflecting dealer fees, hedging costs and issuer funding spreads.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes due January 4, 2029 linked to the least performing of three underlyings: the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the VanEck® Semiconductor ETF.
The notes pay a contingent interest rate of at least 12.00% per annum, credited monthly (at least 1.00% per month), but only if on each monthly Interest Review Date the closing value of each underlying is at least 70.00% of its Initial Value. Missed coupons can be made up later if the condition is met. The notes may be automatically called quarterly starting June 29, 2026 if each underlying is at or above its Initial Value, returning $1,000 per note plus the current and any unpaid interest.
If not called, and on the final Review Date each underlying is at or above 70.00% of its Initial Value, investors receive $1,000 plus the final and any unpaid interest. If any underlying finishes below 70.00%, the payoff is $1,000 plus $1,000 times the Least Performing Underlying Return, so investors can lose more than 30% and up to all principal. Minimum denomination is $1,000, and an illustrative estimated value is $966.20 per $1,000 note, with a minimum estimated value at pricing of $930.00 per $1,000. The notes are unsecured, not FDIC insured, may be illiquid and are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., as well as concentrated technology, small-cap and semiconductor sector risks.
JPMorgan Chase & Co. is offering $5,000,000 of callable fixed rate notes due December 23, 2050. The notes pay fixed interest at 5.50% per annum, with interest paid annually on December 23, starting in 2026, using a 30/360 day count. Each $1,000 note pays interest in arrears and returns principal at maturity if not previously redeemed.
Beginning December 23, 2029, and on the 23rd of March, June, September and December through September 23, 2050, the issuer may redeem the notes in whole at par plus accrued interest. The price to the public is generally $1,000 per $1,000 note, with total proceeds to the issuer of $4,894,250 after fees, and a reduced $980 price for certain institutional or fee-based advisory accounts. The notes are unsecured obligations of JPMorgan Chase & Co., structurally junior to subsidiary creditors, and could absorb losses under the firm’s resolution strategies described under U.S. resolution and Dodd-Frank frameworks.